Nothing is worse the uncertainty that comes with knowing that your cash flow is low when you still have a while until another payment comes in. When running a business, you have so many things to manage.
When cash flow runs low, it puts you in a very vulnerable situation. You may have important expenses to pay or contractors to compensate. Not to mention, you need to take home a profit so you can meet your own needs.
The good news is that always being short on cash does not have to be your reality if you own a business. Here are a few effective ways to manage cash flow when you’re in between payments.
