Managing Cash Flow in Tough Economic Times

The global economic recession has hit everyone dense. However, it is the commercial ventures that have taken a harsh blow from the recession. A successful business is a rarity today. The secret to a successful business at any age would be healthy cash flow. Cash flow becomes all the more vital in today's environment with economic hardships and credit crunching. The importance of cash flow can be brought into perspective when one considers the scenario with no cash. A lost customer is just that, a customer you have lost and will not get back. This customer can be replaced by another customer whom you will treat

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