Previously I have told you what is Cash Flow Management . Today I will let you know why cash flow management is important for any business.
“Revenue is vanity, cash flow is sanity, but cash is king”. Well, it is right no doubt.
The business analyst states that the poor cash flow management is one of the main reasons for business failure. It is the most stumbling hurdle that blocks the smooth running of the business. Understanding why cash flow management is important will help you predict unforeseen tragedy. (more…)