Why cash flow matters!

You sat in bed last night wondering how you were going to pay the company bills. You wondered how in the heck your revenues are up, but you don’t have enough cash to operate your company. This wasn’t what you imagined when you started your own business.

Adequate cashflow in a business is vital to success. Yet many business owners don’t have a firm handle on where their cash is going, or what to expect in the upcoming months or within the next year. Your ability to make management decisions for your business depends on cashflow. Can I hire another person? Can we afford to expand? Are we able to replace equipment?

To find a solution you need to take a good hard look at incoming and outgoing cashflows. This can help uncover wasteful spending and determine timing of cashflow needs throughout the year. If you need assistance with cashflow budgeting and forecasting, don’t wait, talk to a trusted advisor.