Archive for October 24, 2013
Having trouble managing working capital? Nothing to be ashamed of. Even the most successful businesses have this difficulty. And if your business is smaller, you are even more prone. It is not a time to panic, but to find a company that can help you figure out what is going wrong in managing working capital, and establish a plan to fix it.
- Cash Flow Problems
This is one of the most common problems. It is not that the cash is not flowing in, but that, once the money does come in, it is not being allocated correctly, or the process is too convoluted for each department to get the funds that it needs. This can be detrimental to a company because those departments really rely on those funds.
When you hire a company to help you figure out what is wrong, they look at the entire p