Cash flow is essential for any organization, but it’s much more crucial for SMEs with limited resources. Cash flow is the backbone of any business.
It is getting harder for small businesses to survive and prosper in the current business environment, where disruptive technological innovations can quickly transform an entire industry.
Size is less important than speed in today’s rapidly borderless and internationally interconnected ecosystem.
As the market becomes more competitive, small firms are swimming against the current. The one who can operate the fastest will prevail in the end.
The owner of any SME must maintain a close check on their cash flow in such a situation.
It should always be remembered that CASH FLOW is the lifeline of any business. A disruption in cash flow can be very dangerous for the business.
