What you need to know about your business' cashflow (Part 2)

In my previous article, I talked about what can happen to your cashflow if your customers take to long to pay you, or if it takes too long to sell you your goods or provide your service. Now I will offer come insight into what you can do to free up this cash flow.

What you need to know about your business' cashflow

For all those in business, and even those of you thinking about going into business; listen up. I am going to explain what cashflow is, how it works and how it is the number one killers of businesses.

When a business fails it has run out of cash, not profit. Therefore cashflow which is the cornerstone of is working capital. Management of both cashflow and working capital is absolutely imperative to survival.