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November 01, 2004
Cash is King
Here are some great tips on managing cash flow from StartupJournal. Effective cash flow management is the key to survival for almost every small and growing business.
"Forget the accounting-textbook definitions of working capital. For real-world entrepreneurs, it's the cash that you need to finance your business when your expenses exceed cash coming in the door. It's managing the ebb and flow of money, the dance between inventory and receivables on sales."
Amen!
Posted November 1, 2004 06:20 AM
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» Managing Working Capital from Business Opportunities Weblog
Startup Journal: Companies with a fast inventory turnover, such as a fast-food operation, don't have severe working-capital needs because the cash register chimes "ka-ching" all day, every day. This type of company might require 10% to 15% of its annua... [Read More]
Tracked on November 1, 2004 01:15 PM
at Belmont University in Nashville, Tennessee. He consults with a variety of businesses on start-up and growth related issues, and with larger corporations on re-establishing entrepreneurial cultures within their organizations. Dr. Cornwall's current research interests include entrepreneurial finance and entrepreneurial ethics. He has authored or co-authored four books.
