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How to Boost Your Business' Cash Flow

 
  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
   
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  Article Summary  
"Cash is king!" It's an old business axiom that almost sounds clichéd today, but you know what? It’s absolutely true.

Most business executives focus heavily on sales and profits, and rightly so. But companies can usually survive periods of unprofitability, at least in the short term. They can't, however, survive running out of money - because it takes cash to make payroll and keep the lights turned on. In fact, poor cash flow is the primary cause of most business failures today.

Discussed in this article are six strategies to keep cash flow strong. Included are looks at the cash flow cycle, the A/R aging report, operating costs, banking services, inventory management, and leasing rather than purchasing.

Sales and profits are important, but more companies fail due to a lack of cash flow than a lack of sales or profits. An outsourced CFO services provider can take an objective look at your company's collections, payments, expenses and overhead, and inventory management to help devise strategies that will free up funds and improve cash flow.

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