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The importance of managing your business' cash flow

from By Joseph Brady

From November 20: Cash flow is the money that flows into your business and out of it. The inflow of cash to your business comes from sources like invoices, customer payments, savings and returns on investments. Cash flow is the backbone of any successful business. However, most business owners make the erroneous assumption that good revenue and profits indicate stable financial health. According to the Small Business Administration, however, a lack of cash flow management is the No. 1 reason most businesses fail. more

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