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Top 4 Tips to Manage Cash Flow for SMEs And Startups

bauerjack259 on Finance

https://www.smansha.com - For SME’s and startups, running out of money can be catastrophic. A lack of understanding of cash flow and poor cash management is the most frequent reason for small business failure. In fact, a recent study by the US Bank found that 82% of businesses fail because of cash flow problems.

Cash is king when it comes to the financial management of any business. Without cash, profits are meaningless. Though cash flow management is extremely important for all businesses, it’s critical for SME’s and early startups. If you can’t manage your cash flow within the first year, you will most likely not