Monday, March 15, 2010

Cash flow version of the Ides of March

The perils of cash flow mismanagement can seek up on a business much like Brutus joined in on the death of Caesar. Ask any accountant, business guru or turnaround specialist and they will all tell you the same thing. The cash flow is the life blood of the business. Knowing where the cash is coming from and where it is going is number one on the hit parade. You must absolutely get a handle on the cash flow of your business. It is not enough to have people handle that. An entrepreneur is ultimately responsible for their business and knowing in detail where the money comes from and where it goes is non-negotiable.