Verne Harnish, the Founder of Gazelles, loves to say, “Growth sucks cash” … and he’s right. In order to grow your business, you have to have cash to do so. And the faster you want to grow, the more cash you’ll need. This creates a number of problems, especially for...
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10 Ways to Improve Cash Flow When Your Cash Is Tight
At some point, every business has a cash flow problem because life is unpredictable. We make assumptions about what the market will do, how the economy will act, how those who owe us will pay, how much staffing we’ll need to fulfill the commitments we’ve made, etc....
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One of the more common weaknesses for most business owners and entrepreneurs is money management. It’s not that they don’t like money, it’s that they don’t feel confident managing it. So, instead of managing it, they focus on the things they like doing–like...
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