Opening and running a small business is risky even under the best of circumstances. Nearly one out of two new companies close their doors for good within their first five years, and the COVID-19 pandemic has generated new hurdles for struggling enterprises. According to an October 2020 survey conducted by Small Business for America’s Future […]
With the right processes and some adjustments, you can put your businesses in better financial health. We’ve done some research and found five options to help your business avoid running out of cash.
Cash is the lifeblood that runs through any business. Having a positive cash flow allows a business to keep running — buying inventory, paying employees, marketing the business and much more.
At its most basic, the cash flow formula calculates what’s left over after you subtract all your expenses from all your revenues.
Running out of funds to pay your business expenses is a serious event that can quickly spell the death of your business.
You have to have cash to take care of the fundamentals of your business such as running day-to-day operations, paying employees and making the investments you need for growth.