An injection of capital into a business can be as temporary as an injection of sugar from a snickers bar if proper financial management is not in place.
My name is Michael Barbarita from Next Step CFO providing outsourced CFO Services with your know your numbers minute.
Proper financial management starts with managing cash flow. One of the basic things that you can do to get clarity on cash flow is invoice on time and have an accounts receivable collection policy.
Click on the “Learn More” link right inside this video for another video of one of the strategies I use in collecting accounts receivable. If consistently applied you will find that over time your collection of accounts receivable will be faster.
And remember, the most successful business owners know their numbers.