Most business owners I’ve met have had the experience of a cash crunch that has kept them up for many a night.
If you’re a business owner and you’ve never had that problem, consider yourself blessed.
The truth is, as business owners, almost all of us have had a time or two where we’ve had a cash crunch and been unable to pay the bills or pay the bank or make payroll.
The first thing to say here is that well-known observation – Revenue is vanity, profit is sanity, but cash is reality.
Here are the five most common causes of cash flow problems and what to do about them.