Cash is Oxygen

Cash is Oxygen
The number 1 rule of starting any business: understanding the fact that cash is oxygen, and no business can survive extended periods running on an empty cash balance.
The best possible way to prevent or predict a net cash outflow is by periodically updating cash flow forecasts providing for all foreseeable losses and not over stating inflows. An accurate representation of your cash balance will always help in making tighter business decisions which can benefit you in the long run. Stricter credit control and lenient overdraft regulation is always a welcome position for business that require high levels of inventory or those with not ideal cash flow positions.

#CieraAdvisors #investmentbanking #venturecapital #corporatefinance #startups #business #cashflow #decisions