Cash is the lifeblood of a business. According to Hal Shelton, angel investor, SCORE mentor, and author of the best-selling The Secrets to Writing a Successful Business Plan, one of the primary reasons companies go out of business is “cash flow mismanagement.”
It can be challenging for small businesses to get a grip on their cash flow, but it’s essential you do so. After the year we’ve all been through, you may feel like the situation is out of your control. There are ways you can better manage – and even boost – your cash flow. Here are a few.
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