As discussed in my recent newsletter, in today’s business environment, cash is king! As basic as it sounds to ensure that there is enough cash available to cover projected cash outlays (with a cushion to cover risks), it is often overlooked or not prioritized – unlike a few years back when there might have been enough cash to cover whatever came up and less risk of late payments by customers etc, it is critical today. Follow the cash & you’re likely to not only ensure you can focus on the business (instead of cash survival) but also find hidden opportunities to improve your business. Whether business or personal cash flow, this principle holds true.
© Lisa Anderson 2009. All rights reserved.