of small business owners say they lose sleep over cash flow problems
say they pay others before paying themselves
had experienced cash flow problems such as postponing hiring.
Cash flow problems are best avoided, but even if your business is experiencing a cash-flow crisis, there are several things you can do to get back on track.
There are two things they don’t teach in school, those are how to handle your money and how to handle relationship. So when we complete our formal education and started our journey towards success in life we struggle in managing our finances. In real life we pay the cost in money because of our wrong decision.
In our business or profession we get lots of money but we can’t keep it for long term and in future we face the cash flow crunch. We make our decisions as per our emotions not driven by the financial statements because we don’t understand or we are unable to read the financial statements. So get literate financially and control cash flow by making decisions from financial statements.
I observed that many successful business person sees another successful running business and start the same business and withdraw cash from current business and invest in new business and face cash crunch in current business. And talk about how the market is bad.
You can see in the world there are now one business field or sector or industries which is have guarantee of success or failure. The only business can succeed which you know better. So now in which business you’re in know it better and be the successful in it.
Business is a team game and every team needs a powerful leader to win the game. In business Manager, CEO, Directors, Partners and proprietor have the ability to take decision as a leader which forward the organization and achieve financial growth.
If a business managers does not have leadership qualities that organization suffers financially. They struggle in their cash flow managing, managing team, managing expenses. The best players won’t win any game without a good leader, and a leader cannot win the game without players.
Managers needs to know whether the business is generating enough money to fund the things it want to do; if not, it either needs to raise more money or curtail some activities.
A poor or ineffective leader can’t ready to answer above questions powerfully.
There are various ways and things we can do in business that can helpful in keeping positive cash flow in regular business. In today’s business world entrepreneurs are getting frustrated only because of cash flow management, If you can able to do above only 3 things consistently you will be able to get out of cash flow crunch.
Financial Coach & Trainer
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