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Building a Cash Flow Cushion Before the Slow Season Arrives
Profit on paper and money in the bank are not the same thing, and the gap between them has sunk more small businesses than any competitor ever did. A company can be profitable for the year as a whole and still fail in a single quiet month because the bills arrived before the revenue did. Cash flow is the lifeblood of a small business, and managing it well means preparing for the lean periods while the good times are still rolling. Understand the Rhythm of Your Own Business Almost every business has a seasonal pattern, even if the owner has never mapped it out. A landscaping company is busy in…


