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Ensure You Have Cash When Needed

December 11, 2018 By BMN

Among the largest contributors to the failure of both small and larger businesses, are either, they fail to make a profit or they incorrectly account for their cash and run out of money to pay their debts and tax liability.

This is particularly acute in small businesses where the owner/operators do not necessarily have much experience in financial matters and find themselves in an unexpected cash flow crisis.

It introduces a simple set of “Piggy Banks” that give you a “set and forget” approach so that when tax and other expenses become due, you have sufficient funds to pay.  And, along the way, you have also taken out not only a Wage but a Profit as well.  Read more here:

https://mailchi.mp/bfab42d30c39/fam2qc6i05

This article was suggested by our mentor Scott Williams

 

 

 

Filed Under: Small Business News & Tips Tagged With: Accounting, Cash Flow, Expenses, Income, Profit

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