Proper cash management system can make or break a firm. Whether a startup or a big and well settled corporation, if either acts aloof of its cash positions, it is destined to fail or suffer a big irrecoverable loss for the least. This can take many forms, some of which are mentioned below
Many companies, every year, fail to survive just because of poor or inadequate cash management. Make sure that your company is not the next. Do more with how much you have without having to add someone as an owner, or borrow from a financial institution, or injecting in more personal savings that increases the risk and stake you already have in the business. A lot is cash is not needed by businesses but proper management of the cash they already have definitely is.