“Cash is queen and with the right strategies, you can manage it wisely and achieve long-term prosperity.”
When running a business, cash flow is absolutely critical. As business owners, we are responsible for making sure that the cash moving in and out of business is managed properly.
Why is it crucial to avoid running out of cash? Cash is the lifeblood of your financial obligations. And let me tell you, it’s not just about keeping cash at hand; it’s about fueling your business’s success. When you’ve got a healthy cash flow while your business profits, that’s when you can really invest in driving your business toward success.
And as most businesses gear up with their business financial planning for 2024, take into consideration strategies that can help you manage to stay and have a positive cash flow that can earn your chance to invest more in your business.
Listen to learn:
03:07: Gearing Up the Business Financial Planning for 2024
05:32: Business Cash Management
06:33: Profitability and Positive Cash Flow
07:17: Key Cash Management Strategies: Managing Cash Flow
08:23: Key Cash Management Strategies: Set Up a Cash Reserve
10:06: Key Cash Management Strategies: Tracking your Accounts Receivable
11:10: Key Cash Management Strategies: Automate BIll Paying
12:10: Key Cash Management Strategies: Improve Cash Flow in Business
13:35: Evaluate inventory management practices
14:42: Done in a Day Service Program