healthy cash reserve / 1 posts found

Don’t let the tail wag the dog.

by mike tombs
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You need to be in control of your cash, otherwise your cash will end up being in control of you. A good cash flow is a great indicator of a healthy business. But do you know what your cash is doing? Obviously, you can see from your bank balance whether you have money or not, but that is a mere snapshot in time, a fleeting glance. Depending upon the circumstances that surrounds that moment, the picture may look utterly different the next day, or even a few hours later. But without access to good quality reports it can be hard [...]