Monday, June 6, 2011

Forecasting will Eliminate Cash Flow Suprises

Have you ever felt the sick feeling in your stomach associated with not being able to cash flow a payroll that is due in 24 hours? If so, you are not alone. In fact, most entrepreneurs I know have experienced this, usually more often than they care to admit.

Rather than reacting to cash flow emergencies on a last-minute basis, there is a better way. I recently wrote about this on the American Express OPEN Forumm website: How to Put an End to Cash Flow Surprises. Because of the complexity of how and when cash flows into and out of a business, cash flow can be intimidating to project.