Effectively managing cash flow is an issue that all businesses face, whether they have plenty of cash or are experiencing a cash crunch. Cash is the lifeblood that fuels current operations and allows for growth, so developing a strategy to manage this most important asset is key.
Effectively Managing Cash Flow
So how do you effectively manage cash flow? In the article “Track Money In and Out of a Company“, Jim Wilkinson suggests the following strategies:
- Prepare cash flow projections
- Manage and work your operating cycle
- Watch expenses carefully
- Use your cash wisely
The article lists specific examples of what these strategies look like and how to implement them. Click here to read more about it.
For more tips on how to improve cash flow, click here to access our 25 Ways to Improve Cash Flow whitepaper.
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