Cash flow is the lifeblood of every business, and it’s generated by product sales, accounts receivables collections, and the sales of assets. And the goal of good cash flow management is to be sure to have enough cash on hand in order to meet your financial obligations. In this four-part series of brief articles on cash flow we’ll cover some general concepts followed by more specific examinations of receivables collections, credit policies, business loans, sales, and cash investing.
Poor financial management is among the foremost causes for business failure, with companies going out of business because of insufficient working capital and poor cash flow management. It may surprise you that many business owners don’t give a second thought to cash flow management, particularly if more money seems to be coming in than going out. Unfortunately such complacency can leave such business owners vulnerable to a number of cash flow dangers.
Acquiring effective cash flow techniques will ensure your business maintains sufficient cash flow to meet your financial obligations. In the following three articles we’ll consider several tips covering a number of areas which can help you maintain a healthy cash flow and save your business from potential failure.
The Jayaram Law Group routinely and successfully assists its clients in their business-to-business (b2b) collection needs. We take pride in obtaining payment on accounts receivables without fracturing critical business relationships or engaging in time-consuming and costly litigation efforts.
If you need business debt collection services conducted in a professional manner, contact our B2B (business-to-business) debt collection law firm by calling 312.454.2859 or visiting www.jayaramlaw.com.