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Aug 30, 2017 dbr (0)

How to Manage Cash Flow

To be successful, every business must effectively manage cash flow. The primary purpose of cash flow management is to know when expenses will exceed income and have a plan for dealing with inevitable cash flow shortfalls.

  There are four main steps every business should take to manage cash flow: (1) track and project cash flow on a monthly basis; (2) constantly work to increase income; (3) constantly work to reduce expenses and (4) have a plan to deal with cash flow shortages. (more…)

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