Recently, we talked about obtaining a line of credit as “sleep insurance” when growing your business and how to make sure you’re bankable and bank-ready when requesting a loan. Some people are risk takers and don’t mind going into debt. Some are totally debt averse and don’t borrow at all. But how much debt is…
Every business owner wants abundant cash flow in their business. It’s emotional and practical. Cash is like oxygen. Your business can’t function without it. When cash is in short supply, owners become lightheaded, then despondent, then desperate. Cash represents success and lack of it, failure. It’s not a question of “if” cash is in short supply,…
In your business, money has a way of going out just as fast as it comes in. When cash is tight (and it almost always is), many business owners go home at night worrying about lack of cash in their bank account. In fact, 54% of business owners in a recent Forbes survey are losing…
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