Cash Reserves - Build A Business Lifeline

Posted by eLaunchers on Nov 15, 2022 8:15:00 AM

Cash reserves are an important part of business economics and are a critical pillar of your business growth. This doesn’t mean it is easy to build these reserves, especially for small businesses and dental practices.

Let’s look at their importance and how to build them up.

Managing Creditors

Renegotiate your debt with your creditors to ease your debt pressure, as they will often accept longer settlement periods. This lowers monthly installments, and you can allocate the difference to building cash reserves. If they are not open to re-negotiation, then take your debt elsewhere for a better deal.

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Topics: small business automation, business planning, cashflow

Why Cash Flow Is Your Most Important Metric

Posted by Parthiv Shah on May 19, 2022 3:43:29 PM

Over the long term, profitability is essential to a business. But in the short term, cash flow is the metric you need to watch because if you run out of cash, your business will likely end up dead.

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Topics: cashflow

The Dam and Cash Reservoir

Posted by eLaunchers on Mar 24, 2022 1:17:07 PM

If the river represents cash flow to your business, what is a dam?

Simply put, the dam – and the reservoir it creates - represents cash in the bank, also known as retained earnings.

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Topics: finance, Business Plan, Financial Education, cashflow

Your Business Is The River Of Money

Posted by eLaunchers on Mar 22, 2022 8:17:00 AM

I frequently cross the Potomac River north of Washington DC. Recently, as I sat directly above the Potomac waiting for traffic to start moving, it occurred to me that just as the river feeds the Chesapeake Bay with water, a river of money to keep your business fed.

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Topics: Business Growth, business planning, cashflow

 parthiv shah


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