Mika
VIP Contributor
Cash flow management is essential for individuals as well as businesses. Just like in the lives of individuals, cash flow should also be positive for businesses as well. Cash flow positivity means, you make more money compared to what you are spending. Maintaining a healthy cash flow is vital for any business, this will ensure that your revenue is higher than your expenditure. Regular sales bring in the money needed for business management, marketing, staff payments, and product manufacturing. You should always have surplus money after you make necessary payment. Tracking both income and expenses is crucial. The foundation of effective cash flow management lies in consistent sales and revenue generation. You need to keep the money flowing to keep your business running smoothly.
