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incomings and outgoings

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Don’t fall at the cash hurdle!

by mike tombs
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There is nothing more frustrating than watching a healthy, profitable business collapse due to cash flow problems. More profitable businesses fail for this reason than for any other. Don’t let yours be just another statistic. Cash flow problems come about when the gap between when your money comes into your account and when the money leaves your account becomes too large. This situation can be bought about by the bank changing their overdraft agreements, or a large customer suddenly defaulting on a payment, or simply a combination of bad luck and poor management. Different types of businesses are more at [...]