Cash Flow is King! (1/9)

According to a U.S. Bank study, 82% of business failures are due to poor cash flow management or poor understanding of how cash flow contributes to business. At some point during every business’s life cycle, and especially during the startup phase, cash flow becomes a challenge. Owners often focus primarily on revenue generation. While that is clearly critical, without cash your company will quickly fail. Think of it this way – considering the earlier statistic – if you effectively manage your cash flow, you significantly reduce the chance your business will fail. 

Contributors: Ken Mr. Biz Wentworth from Mr. Biz Solutions