Cash flow is the lifeblood of a business. Inflows come from revenues, while outflows go to expenses. However, these are transacted initially from credit. Just like the blood pumping throughout the human body, businesses need to keep these two streams circulating ― or else the...
Entrepreneurs go into business to earn a profit, but entrepreneurs stay in business when they earn and use profits sustainably. It's not just about generating income and spending cash for the short-term, but it's also making sure that the long-term goals and financial growth of...
Every business should be financially healthy to succeed. But it is a common misconception that a business should have no liability to be considered financially healthy. This is actually a myth. The most important thing about financial health is that the money is moving—money is...
A strong work ethic has a direct impact on every aspect of a healthy organization through utmost employee productivity. It is the key to being successful in life even as it makes one a more valuable asset to the company he is working for. A work...
The most important aspect of cash flow management, especially for small businesses, is to avoid long-term cash shortages due to having an extreme gap between cash inflows and outflows. Staying in business is impossible if you can't pay your bills for any extended length of...
Like any other applications—job, school, loan, housing, etc—it pays if you are prepared. Being prepared doesn’t necessarily mean guaranteed approval of the application, but it certainly shortens the process. Whether the application will be approved or not, at least the waiting game will not be...