
Let’s face it! Your chances of staying in business are slim if you can’t manage stable cash flow. In fact, a U.S. Bank study reported that over 80 percent of micro-businesses fail for the same reason. And many would conquer with these findings: because if a firm lacks enough working capital to hold up routine operations, then it is destined for closure. But again, you don’t want to “hoard” working capital as that may slow down your growth. You need to balance your cash flow such that enough funds are allocated to help seize expansion opportunities, and the rest kept […]
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