“14 Tips For Analyzing (And Increasing) Your Business’ Operational Cash Flow

Having reliable, steady and sufficient operational cash flow is vital to any business. While maintaining an adequate income is necessary for survival, increasing it is the key to growing your business and providing security in case of a crisis.

As a business owner, you need to not only critically appraise your existing revenue streams but also find new ways to boost incoming (and reduce outgoing) cash. Below, 14 members of Forbes Finance Council share their best advice for business owners looking to analyze and increase their operational cash flow…

4. Create a 12-week cash flow projection, and update it weekly.

Immediately create a 12-week cash flow projection, and update it every week. So many business owners focus on financial statements and underestimate the importance of timely cash flow management. A business with a long cash conversion cycle may be very profitable on an accrual basis but wake up one day unable to make payroll. Weekly cash flow monitoring is crucial to any growing business. – George Souri, LQD Business Finance…”

Read the full article in Forbes.