Business owners spend so much time working in their business, that they often lose sight of working on their business. In an economy where the stakes are increasingly high and cash progressively scarce, business owners must proactively manage the balance sheet and income statement or risk falling victim to the five silent killers of cash flow.
Did you know that a majority of businesses that file bankruptcy reported a net profit, yet had negative cash flow? Many times the warning signs that a company is in trouble go unnoticed until it is too late. You can improve your business liquidity and create long-term viability by looking closely at the following potential trouble spots.