Cash is king – here’s how to keep it on the throne
Cash is the blood of a business – without it you die. Cashflow is the movement of that life-giving blood into and out of the business; if there’s more flowing out than in then you’re in big trouble. Many firms go under despite being profitable simply because they did not stay in control of their cashflow. One of the key ways to take control of cashflow is to take control of your trading terms. Here are a couple of things to think about that might help you stay in control.