How to perform cash flow triage
Here are some triage techniques to help get you through a cash flow emergency. (©iStockphoto.com)
How to perform cash flow triageMore>>
- As any small business owner knows, maintaining smooth cash flow requires juggling nearly every facet of a business. Here are 10 things you can do to increase your cash flow.
- There are two forms of accounting used by small businesses -- cash and accrual. The basic difference between the two methods is the timing of income and expense recording.
- Cash flow problems often catch small business owners by surprise. An accurate cash flow projection can protect entrepreneurs against this situation.
- Nearly every small business will face a cash flow crunch at some point, when money flowing into your company is not enough to cover short-term payables.
- Proper bookkeeping is important to sustaining and expanding a business. Without it, you run the risk of hitting cash flow crunches, wasting money, and missing out on opportunities to expand.
From Real Small BusinessMore>>
- Leaving tax prep to a last-minute cram session could disrupt your business in the spring. To avoid a crunch, you should prepare for tax deadlines well in advance.
- Before you get involved in the bidding process, take some time to lay the groundwork for successful bidding.
- If your business needs cash to move forward, you may have to resort to some less-than-ideal financing options or face the possibility of having no business at all.
- Many small businesses dread it, but your end-of-year reconciliation doesn't need to hurt -- as long as you stay organized.
- The financials section of a business plan is where you document the numbers and convince investors that your company is a good risk.
- How much should you charge for the goods and services you sell? For small businesses, that may be the most difficult question to answer-- and also the most important.
- Explaining the market for your product or service is one of the most important parts of your business plan. So do it right, even if it requires extensive research.
- Insurance is one of the most neglected small business responsibilities -- and one of the most confusing. Use this guide to begin sorting through your options.
- Give some thought to your company's public relations, whether you're looking to garner specific media coverage or just want to generate a general buzz about your small business.
- Whether you're looking for money or simply creating an internal document, you must be able to present a clear portrait of what your company does.
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