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Business strategy
Importance of cash management in a business.
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[QUOTE="Carpon, post: 285656, member: 86701"] Cash management is a skill and ability that is pivotal in the sustenance if a business. It is this skill and ability that helps you when budgeting and planning what business plans to execute and the amount that should be wielded to that. Another Importance of that is you avoid wastage of funds and improper or unwise usage of funds. When you have the skill on how to properly manage cash, you won't be found mismanaging cash leading to wastage of funds which ultimately will have the long term effect of crippling your business. Another usefulness of the cahs management skill in question is that your business will discover more profit. This is a long term effect that this particular attribute has. When you manage cash properly, overtime you will find out that your business profit will increase. [/QUOTE]
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