Every business needs cash to grow. A healthy flow of cash opens the door to new markets, new products and services, and expanded advertising and hiring, among other things.
In short, cash is the lifeblood of a business. If you want to improve your company’s cash flow management, there are five key areas to focus on.
1. Improve your cash flow visibility and control
The first step in improving any business system is evaluating where it is today. For cash flow management, that means understanding…