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Cash management is ultimately about cash flow—and very few small businesses are awash in cash. Even successful, growing companies are vulnerable to cash-flow problems because they tend to add employees and inventory rapidly. This may quickly deplete the company coffers and lead to cash shortages.
Because having cash at the right time is so important, entrepreneurs must pay close attention to cash management. Here are some tips for saving money and managing cash flow.…
To read the full story at AllBusiness.com, click here.
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