Image by Thomas Hawk via Flickr They say only a small percentage of businesses survive their first year, and cash flow issues make more close each day. Businesses that make it past that 12-month hurdle aren’t out of the woods yet though. While growing a successful store, company, or corporation is a hugely rewarding undertaking, especially when you climb out of the red and into the black, challenges still lurk on the horizon. Businesses now are clipping proverbial coupons to ride out the cloudy fiscal forecast while looking forward to clearer skies. Bootstrapping a business … [Read more...]
Keeping The Cash Flowing
Running your business smoothly, as well as keeping the cash flow at its best level is a challenge for any business owner. It becomes more than challenging in an economy that does not support spending. You may have prepared for a lull in the cash flow, but what if you are short? What if you have not prepared for the lull to go on so long? Running a business requires you to have money available to cover expenses. Of course with spending at a minimum, the revenue that normally runs through your business may be down a bit or it may be down a lot. At the same time, you have a responsibility to your … [Read more...]