The success of a company relies on a confluence of many things, one of which is an intuitive, user-friendly product that makes your life easier. However, business ethics and how your company conducts itself can quickly kill, or at least severely damage, the profit margin and reputation you have been working so diligently to establish.
By knowing exactly what cash you have coming in and going out and when those transfers occur, you ensure your business has enough cash to continue operating from day to day. But there are other reasons to improve your cash-flow forecasts, according to accounting and financial experts. Here are five important ones.
It's not really fair to blame actuaries for creating the biggest financial crisis in living American memory. I am, of course, talking about how tens of thousands of small business owners with long and successful track records are going out of business because they cannot get a simple business loan from their neighborhood banker.