I grew up being among the first generation of video game players. To be honest, I still dabble with them when I’m bored. The evolution of the games has been amazing to see. But what I have not enjoyed is the evolution of the controllers. What started as a knob that I could rotate to move a cursor up and down the screen (Pong), has become an assembly of buttons, triggers, and joysticks (PS4) that I rarely know how to operate correctly. It’s overwhelming to try and figure out the thousands of combinations you have to instantly create to be successful in playing a video game today.
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.