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Knowing how to work the system gives you control over one of the most important issues concerning your business: the ability to handle your cash. Whether you're black or white, whether you're running a freshly funded business or a proven establishment, cash flow matters. The publisher of Black Enterprise shares what he's learned about diligent cash-flow management during three decades in the magazine business.
This article discusses the advantages and disadvantages of obtaining needed cash through alternative sources that may not be typically considered. It also discusses specific sources that may provide the cash needed.
This article discusses the advantages and disadvantages of obtaining needed cash through external sources. It also discusses specific sources that typically contribute cash.
This article discusses the advantages and disadvantages of obtaining needed cash through internal sources. It also discusses specific sources that typically provide internal cash.
Successful bootstrapping requires getting your hands on cash and managing it wisely. This article points out uncommon sources of ready cash that go unused--negotiating extended payment terms from suppliers, for example.
Entrepreneurs are apt to happen upon found money by more skillfully
Billing and collecting your accounts receivable (A/R) in a timely manner is key to optimizing cash flow and you need to have a way to monitor A/R at least on a weekly basis.
The most promising incubators for young healthcare entrepreneurs are U.S. colleges and universities. Case in point? Wake Forest and its “Business Elevator” competition.
No growing company survives and prospers without some debt component on its balance sheet whether it's a small loan from family or friends or a line of credit from a regional commercial lender.
Starting a business usually involves committing personal finances, no more so than at the beginning, when banks are loathe to extend credit.
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