Tips for Small Businesses
Start the New Year with a Cash Flow Check Up
Mon, 05 Jan 2009 8:08:49 MST
Sometimes small business owners get so caught up in the day-to-day of running the business that they forget to take a step back and survey overall business health. A good way to get a quick feel for whether your business is on-track, or whether you need to make adjustments, is a cash flow analysis.
Cash Flow is basically a measure of how much your business is taking in vs. how much it is paying out for any given time period. If your cash flow is positive (you’re getting more than you’re spending) you’re in good shape. If it’s negative, it’s time to take stock.
Try This Cash Flow Calculator to see how you’re doing.
If you don’t like what you see, use the calculator tools to make adjustments to several variables that affect cash flow, and see how these small changes can make a real difference to your business.
Bounus Tip: A great way to improve cash flow is with automated recurring billing. Learn more here
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