News & Events
Cash Flow Planning During Uncertain Times
By Christopher Hines, CPA
Many people solely consider profit when measuring the success of their business. The trouble is that profits do not necessarily coincide with their associated cash flows.
The fact is, most failed businesses fail as a result of lack of cash flow. During these uncertain economic times, cash flow planning is an important exercise when running your business, regardless of the size of your operation. Trying to manage your business without a cash flow plan in today’s environment is like traveling to a new location without a map or a GPS device.