Are you constantly worried about cash flow in your business? Have you ever wondered why your revenue hits the bank only to vanish just as quickly? Discover the crucial strategies behind effective cash flow management and how it can make or break your business.On this episode of Become Sensible, we dive into the essentials of cash flow statements and why they are the backbone of your business's financial health. Learn the three key components of cash flow and how understanding them can prevent your business from joining the 82% of businesses that fail due to poor cash flow management. From the differences between direct and indirect methods to practical tips on how to manage cash inflows and outflows, this episode is packed with invaluable insights."Growth requires a lot of cash and funding!"Links:Harvard Business Review article on the importance of cash flowSCORE report on business failures due to cash flow managementConnect:Follow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx. Hosted on Acast. See acast.com/privacy for more information.

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