“A company that does not effectively manage its cash flow by balancing income and expenses on a day-to-day basis is poised for collapse.” This quote by Timothy Hatten a business professors summarizes the importance of cash flow management for a Small Business. Cash flow is the life blood of a business…it must be conserved and used wisely lest the organization perish.
In one of our recent Excel business workshops I discussed how this tool can be used to manage cash flow. Excel is a great tool to begin to create a cash flow budget and monitor spending against that budget. Cash flow must be a concern for startups and seasoned organizations alike.
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