Why Don’t I Have Cash?

Why Don’t I Have Cash?

I was involved in a meeting with a prospect a few weeks ago who we will call Don. Don owns a manufacturing company which is presently experiencing a growth rate of thirty percent annually. The question we are looking at today is why don’t I have cash?

Why Don’t I Have Cash?

He is showing a profit, but his bank will not increase his line of credit and this is resulting in Don’s company having cash flow problems. He told me that he has to extend payments to his suppliers and they are not happy with him. Don also told me he is unable to call most of his customers for payment, because they are within their credit terms and he feels he would be harassing them. He asked me “Why don’t I have cash?”
More at WikiCFO.com
If you want to increase cash flow, then click here to access our 25 Ways to Improve Cash Flow whitepaper.

why don't I have cash
[box]Strategic CFO Lab Member Extra
Access your Strategic Pricing Model Execution Plan in SCFO Lab. The step-by-step plan to set your prices to maximize profits.

Click here to access your Execution Plan. Not a Lab Member?
Click here to learn more about SCFO Labs[/box]

why don't I have cash

ARTICLES YOU MIGHT LIKE

The Dreaded “F” Word

See Also: What is Factoring Receivables Accounting for Factored Receivables Journal Entries for Factored Receivables Can Factoring Be Better Than a Bank Loan? History of Factoring How Factoring Can Make or Save Money Factoring is Not for My Company The What, When, and Where About Factoring Working Capital Factoring: The Dreaded “F” Word The dreaded

Read More »

Strategy for Managing Cash

Does your company have a strategy for managing cash?  Many companies have established procedures for purchasing materials, collecting customer payments, and paying vendors. But often people either do not communicate these procedures or simply don’t follow them consistently. Even when everyone is aware of and follows the established protocol, your system may be flawed. Before we show an example, you need to know how to manage cash flow.  Know How to Manage

Read More »

Daily Cash Flow Forecast

See Also: Cash Flow Statement Steps to Track Money In and Out of a Company How to Create Cash Flow Projections Thirteen Week Cash Flow Report Daily Cash Flow Forecast Use the Daily Cash  Flow Report to report on the daily cash balance and to help manage cash on a weekly basis. This tool is especially useful

Read More »

JOIN OUR NEXT SERIES

Financial Leadership Workshop

MARCH 28TH-31ST 2022

THE ART OF THE CFO®

Financial Leadership Workshop

Days
Hours
Min

September 12-15th 2022

Days
Hours
Min
SHARE THIS ARTICLE

JOIN THE NEXT STRATEGIC CFO™ WORKSHOP SERIES

Strategic CFO™ Financial Leadership Workshop
The Art Of The CFO®

Days
Hours
Min

December 5-8th, 2022