Think your growing small business already has a handle on cash flow? Think again. To be sure, businesses as small as the tiniest mom and pop store to as large as GE struggle with cash flow. But growth-stage businesses need to know this: Cash flow problems can impede your growth. […]
Tag: Cash flow
Tips for managing cash flow, the lifeblood of your business
What’s the No. 1 reason small businesses fail? Cash flow, not lack of profits. About 80% of small business failures happen because of poor cash-flow management. Ray Juncosa, a consultant at Florida SBDC at FIU and a finance specialist, says he hears it all the time from his clients: “They say ‘we […]
‘Cash flow is king.’ Be proactive, not reactive, to save your business
This month on Growbiz, we have been looking at smart strategies for generating and managing your cash flow during this crisis. As we have pointed out, to effectively manage cash flow, you need to go line by line and dig deep in all the areas of the business – sales, […]
Smart strategies for generating cash flow – in times of crisis and always
Sometimes it takes a crisis to wake some small businesses up to the importance of healthy cash flow, says Raju Mohandas, a certified business consultant for Florida SBDC at FIU. But now that we have your attention … To effectively manage cash flow, you need to go line by line and […]
Healthy cash flow keeps your business afloat. Here’s how to manage it
Now more than ever, strategically and comprehensively managing your cash flow can keep your small business alive and help it grow again. A recent report from LendingTree found that the Miami metro area ranked fifth in the nation for the highest number of small businesses with less than one month’s worth of […]
12 ways to improve cash flow in 2020
By Jennifer Lobb / Guest Contributor A variety of metrics can determine the health of your business, but few are as indicative of success or failure as negative cash flow, or the net amount of cash that flows in and out of your business. A positive cash flow is essential for […]
If you aren’t careful, ‘you can sell your way to bankruptcy’
On a recent Shark Tank episode, celebrity investors Mark Cuban and Lori Greiner teamed up to invest in BottleKeeper, which sells a stainless steel container created to keep glass beer bottles cold while protecting them from breakage. But during the episode, Cuban questioned why the business needed his cool million, since it […]
Cash flow – it’s not sexy, but it’s the pumping heart of your business. Here are 5 ways to keep it healthy.
Think your growing small business already has a handle on cash flow? Think again. To be sure, businesses as small as the tiniest mom and pop store to as large as GE struggle with cash flow. But growth-stage businesses need to know this: Cash flow problems can impede your growth. […]