Cash flow refers to the movement of money in and out of a business over a specific period. It represents the net amount of cash being transferred into and out of a business, including income from sales, expenses, and operational costs. Cash flow is crucial for the day-to-day operations, financial stability, and growth of a business. It provides the necessary resources to cover expenses, service debts, and invest in opportunities, contributing to the overall financial health and sustainability of the organization.
The term profit is great, but cash is king, can never be emphasized more than enough.
You might have a great business, churning in lots of profit but always seem to struggle to meet your obligations and constantly must dip into loans or line of credits to meet your obligations.
Ever wonder why this is happening?
Let us at SDF Consulting have a look at your business and more specifically your cashflow, and then suggest and implement a plan to address such a situation.
Email us at arshad@sdfconsulting.ca to learn more about how we can help you manage and grow your business.