Cash is the lifeblood of your business and ensures you stay afloat.
Quite simply, making more money will not solve your problems if cash flow management is the problem. So it’s important to establish strategies to make sure that you have enough cash in the business to operate on a day-to-day basis without facing any sort of cash crisis .
- You need money to pay your suppliers or they will stop supplying.
- You need money to pay your workers or they will stop working.