Succeed During These Turbulent Times – Manage for Cash Part 2
In today's economic and business environment, cash is king. The critical importance of cash in businesses continues to rise.
Succeed During These Turbulent Times – Manage for Cash Part 1: Manage Inventories
Businesses continue to cut back as the economy continues to worsen - seemingly every day. Cutting costs in a reasonable and smart manner is required; however, cost cutting alone rarely achieves success.
Ideas to increase cash flow
Businesses should always look for ways to increase cash flow.
Got Cash?
You wouldn’t think so from the way companies are hoarding cash; however, in general, they have a stockpile of cash and remain leery to spend it. Last year, there was a 2% decrease in days working capital (DWC), according to CFO Magazine.
Leverage the Recovery
The recovery is here; there’s no more time for analysis and inaction.