Is it king in your organization? It should be. You should be forecasting your cash for the next thirty days, reviewing it daily, updating it weekly. Some small business owners are unclear on the difference between “cash” and “profit.” They are totally different. You can be very profitable and still run out of cash. Likewise,
“Most companies grow themselves out of business. They either can’t finance (the growth), or they can’t manage it.”
Sadly, when a business fails, it is often not because it was founded on a bad idea. It’s because it simply runs out of money. Even if the business is profitable, it can still be cash-starved out of business. How does that happen? Several ways. If the business is a brand new startup, the entrepreneur
Running a company is easy when you don’t know how, but very difficult when you do.
Running a company is easy when you don’t know how, but very difficult when you do. Below are some activities that, when performed rigorously and consistently, tend to separate strong small business operators from those who are struggling. It is not intended to be a comprehensive list, and the list is not in any particular
