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A Basic Lesson in Cash Flow Management. If you don’t know the first thing about your business’s cash flow, now’s the time to learn.

As business owners, we all know it’s true: Cash is king! Without it, your business couldn’t survive. That’s because you need cash to operate and grow your business. How else will you ensure you’re able to purchase supplies, pay your rent, advertise, hire employees or take care of the myriad other business activities that require money?

Cash flow is the lifeblood of any business, and it’s imperative that you understand the inflows and outflows accordingly. So let’s take a closer look at just how cash flow works:

By Pam Newman

Full Story: http://www.entrepreneur.com/article/0,4621,327403,00.html

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Dorsey & Whitney - An International business law firm, applying a business perspective to clients' needs in Missoula, Montana and beyond.

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