What is Cash Flow Management and How Retailers Can Improve Cash Flow?
Cash flow refers to the money that flows either into or out of your business. Generally, it is known how your business is earning income and generating expenses. It is important to have a good cash flow to manage debts by saving more money and reducing interest costs. Growth (a positive cash flow) should be the sole aim for an entrepreneur as it helps build flexibility and a wide range of possibilities in the future.
Cash flow is an essential part of the business. Therefore, there is no room for errors in the calculation. Regardless of which industry you are in Carnation money counters can come in handy.
Retailers can improve maintain cash flow using the following strategies:…