Let your cash be king

摘要

As a business owner, you'll know that cash flow is inevitably something that will challenge you at some point or another. It might be seasonal for which you can plan for it to a certain extent, or you could just take a dip due to poor sales, high staff costs or bad debtors. Understanding your business trends and having an effective cash flow forecast can help keep you on the right track, and you'll be better equipped to deal with a situation when there's a downturn or you face a big hit on your cash flow. They say cash is king, so how can you preserve your cash and keep it flowing in the right direction?