Guest post by FINSYNC.
Healthy cash flow is key to keeping your doors open and your employees paid. It’s also one of the primary factors that lenders are looking for when you apply for a small business loan.
An alarming amount of profitable businesses end up failing because they run out of cash. So what can you do to avoid crippling shortfalls and panic-inducing dips into the red? Shore up your cash flow strategy with a little foresight and these five ideas for improving your cash flow.
Is managing your cash flow really that important? In a word, yes. It’s impossible to control what you don’t measure, and gaining better insight into your cash flow will not only keep your business up and running, but also help you qualify for financing when you need it.