Maximizing cashflow: When times are tough, cash matters more than earnings

摘要

The Canadian economy has been uncertain for more than a year now, due to the European and American debt crises continuing to have negative effects in Canada In a recent survey, Harris-Decima randomly sampled 1,000 Canadians via telephone. When asked about rising interest rates, 48 per cent of the respondents said a significant interest rate hike would pose a challenge to them in keeping up with mortgage or debt payments. They will rise eventually and pressure on consumers means pressure on businesses. Cash is the lifeblood of any business and matters more than earnings in a tough economy. Here are some important steps to take to maximize your cash flow.