I was talking to a co-worker the other day, we some how got on the subject of cash flow. I really didn't understand cash flow. I though cash flow was the same as profit, but I was wrong. A lot of first time business owners and entrepreneurs make this mistake.
Over this Memorial Day weekend I came across the article about cash flow. We, meaning business owners and entrepreneurs are so busy coming up with ideas and products to sell, making payments, and investing in the business, we tend to associate profit with cash flow. To my understanding cash flow is the constant inflow of money to accomplish all the things mentioned above.
Also to avoid cash flow problems, have good customers and take advantage of various sales tool. But knowing that there will always be a few people slowing down the cash flow. The article suggest and I suggest it as well is those that present problems or show any signs of slowing down the cash flow, bareter with them.
You can barter goods or services to sure up cash flow loses or improve baretering relationpships. With barting you can improve cash flow, build realtionships and establish creibility in your business.
Showing posts with label Cash Flow. Show all posts
Showing posts with label Cash Flow. Show all posts
Sunday, May 25, 2008
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