Realizing Profit Potential
Oct 18, 2019
4 minutes
By Eric Goldschein
For many businesses, the trouble isn’t with getting people to buy their products, or hiring great talent, or problems with leadership. They’re instead faced with a simple but devastating issue: cash flow management.
In fact, one study by U.S. Bank found that cash flow management problems were the primary reason why small businesses fail.
Your cash flow is the money that goes in and out of your business bank account on a day-to-day basis. You take in money from your customers, and send it back out to pay your bills and suppliers. What’s left over could be your profit—if an unexpected expense doesn’t arise and wipe your coffers clean.
For small and home-based businesses,
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