Create a Cash Flow Plan
Running out of cash is always a top concern for business owners, but it becomes especially important during a recession. Start by getting a handle on your current cash balances and monthly sources and uses of cash. Create a rolling cash flow forecast for the next quarter to guide the management team and serve as an early warning tool that alerts them to variances.
Learn how to Recession-Proof Your Business
About the author : Darlene
Darlene Gagnon is an award-winning entrepreneur recognized by the National Association of Women Business Owners and is an Enterprising Women Inspirational Entrepreneur. She served on the board of directors for Entrepreneurs’ Organization and has mentored entrepreneurs and start-ups for over a decade. Her two companies, WeKinnect Global Branding Agency and Kinetic Promotional Product Services, have been recognized as “Best Places to Work” and “Largest Agency” by American City Business Journal. Both companies serve the US, Canadian, European, and Australian markets. Both companies are located in The Woodlands, Texas, with teams in Canada, the Philippians, and India. Her digital marketing and advertising agency services in English-speaking countries around the world.