Cash Flow Strategy

Partner: Udemy
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Description: As a small business owner, you don’t want to go out of business. The irony is, your best month can do you in!Did you know that 50% of businesses fail withing 5 years?Cash management is a critical aspect of running a successful small business, as it directly impacts the company's financial stability and growth prospects.I would like to welcome you to this course on Cash Flow Strategy. As a certified accountant with over a decade of real-world experience, I will guide you with practical solutions. I have also been an educator teaching this topic to thousands of students. I have used my years of business and teaching experience to develop this course to provide rapid training in easy and understandable lessons that are to-the-point.Why is effective cash management  necessary for small business owners:Sustaining Operations: Proper cash management ensures that a small business has enough liquidity to cover daily operational expenses such as payroll, rent, and utilities. Without effective cash management, a company might struggle to maintain its day-to-day operations, leading to disruptions and potential closures.Capitalizing on Opportunities: Access to adequate cash reserves empowers small businesses to seize unexpected opportunities, such as bulk purchasing discounts or sudden market shifts that could be leveraged for growth. An inability to capitalize on such opportunities due to cash shortages might hinder expansion and competitive advantage.Debt Management: Effective cash management can help small business owners manage their debt obligations efficiently. By aligning cash flows with debt repayment schedules, businesses can avoid default risks and maintain a positive credit rating, which is crucial for accessing future financing.Financial Planning and Stability: Accurate cash managem
Category: Business > Business Strategy > Cash Flow
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Price: 24.99
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Source: Impact
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