Many businesses are currently struggling to survive as a result of the pandemic. Often there are many reasons for this condition but one of the most important is the lack of adequate cash flow. Without cash your business is destined to struggle and eventually die.
There are only four ways to get cash in your business.
- Cash from sales
- Cash from borrowing
- Cash from investment
- Cash from the sales of assets
The best way to sustain your business is to generate cash from sales because eventually you will run out of both investment cash and your ability to borrow. Furthermore, cash from borrowing and sometimes investment will create a debt on your balance sheet, and the repayment of the interest and principal on the loan or investment is a use of cash that will reduce your available cash for operations.
Want to improve your cash flow and go from surviving to thriving in your business? Give us a call and learn how we have helped companies improve cash flow up to 855% in less than a year and during a pandemic. The call is free, and you will come away with something of value to help you in your business. 503-312-3145