tag:blogger.com,1999:blog-12586558.post1898560143521023415..comments2020-03-07T22:47:28.431-07:00Comments on Business Success Blog: Improving Cash Flow ... and Business SuccessProVision Mentorshiphttp://www.blogger.com/profile/16497095829239957153noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-12586558.post-7189160095201188812013-04-22T06:56:37.478-06:002013-04-22T06:56:37.478-06:00My friend, Colleen Madsen - Colleen Madsen Strateg...My friend, Colleen Madsen - Colleen Madsen Strategies Inc. provided the following comment: "Cash flow is always the biggest challenge for entrepreneurs - in particular for new businesses. I've experienced this myself. Cash flow comes when customers and potential customers choose to exchange money for your goods and services. And in order for that to happen you need to understand and become excellent in SALES. Sales can be terrifying for even the most seasoned business person and many can find a number of other things to do that make them "feel" productive. No sales = no cash." (Thanks Colleen!)ProVision Mentorshiphttps://www.blogger.com/profile/16497095829239957153noreply@blogger.comtag:blogger.com,1999:blog-12586558.post-82903345026007326532013-04-19T11:28:28.851-06:002013-04-19T11:28:28.851-06:00As a business banking relationship manager, I love...As a business banking relationship manager, I love that you're discussing this topic.<br /><br />The leading cause of business failure is poor cash flow. Commit to making cash flow management a strategic priority for your company - regardless of life stage, industry or business size. Pay attention to the amount of working capital (current assets - current liabilities) as it reveals short term financial health and operational efficiency. As well, do frequent cash flow forecasts and compare the actual results against your projections. Understanding where your money is coming from and how it is being disbursed will help uncover inefficiencies and give you greater control. A company can go a long time without being profitable, however without cash, it won't last long.Anonymousnoreply@blogger.com