At the heart, many business owners just want to be doing what they love to do – providing the service or product that inspired them to start their business. On top of that, they are juggling a huge amount of responsibilities to make sure their operations run smoothly and customers are happy. The downside to this scenario is that receivables and the consideration of the financial future end up taking a back seat. While this can work out for a season, it’s just a matter of time before lack of cash flow and financial planning can put the business into danger. If you’re in this situation or know someone who is, it’s important to start working on cash flow before the crisis occurs. To learn four ways to start now, check out this article on Small Business BC.
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