Many small businesses struggle with managing cash flow. The U.S. Small Business Administration (SBA) posted a great article on their website, “Managing Small Business Cash Flow – Answers to 10 Commonly Asked Questions”. The author, Caron Beesley, addressed many of the questions plaguing small businesses.
Cash flow is the lifeblood of a business and critical in its growth. Small businesses are hugely dependent on their cash flow, and must either cut costs or scramble to find alternative funding when they are not being paid on time. With money tight and bank loans hard to get, a cash-strapped company can easily be pushed to the brink. Read more…
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