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Stay Cash Solvent In Your First Year Of Business

Small Business News and Opportunities | Solopreneurs

Small Business Administration states 33% of businesses fail within first two years due to cash flow issues. To avoid this, manage cash flow over profit, maintain cash reserves, minimize credit given out, incentivize early payments, use credit wisely, and understand legal implications of poor cash flow management. Use cloud-based accounting software and tools like QuickBooks, FreshBooks, Xero, Wave, and Zoho Books for financial management. Keep cash flow expectations clear, project cash flow, and understand the Cash Flow Index (CFI) metric. Consider psychological pricing, dynamic discounting, revenue diversification, cash flow sensitivity analysis, blockchain, automated dunning software, tax credits, growth costs, currency hedging, legal structure nuances, behavioral economics, AI-powered

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