Gain Control of Your Cash Flow
"As I write this, we are neck-deep in the COVID-19 pandemic and the economic crisis that comes with it. People are staying home, not buying, not working their gigs, losing their jobs. And we business owners need to make sure that our businesses not only survive this crisis but find ways to thrive. Which at this point in time, means having cash readily available.
For small businesses, cash flow management in a crisis is absolutely vital. It can mean the difference between stabilizing your business or falling behind.
To gain control, you need to focus on operational activities that put cash in your hands. Acknowledging a continued decline in sales and the need to lower expenses is obvious. But step one, today, is focusing on stabilizing and maintaining your operating cash flow." Read more a