Cash flow is the lifeblood of every business from "summary" of The Personal MBA by Josh Kaufman
Cash flow is a critical concept that every business owner must understand. It is the amount of money coming in and going out of a business over a specific period. In simple terms, cash flow is the lifeblood of every business. Without it, a business cannot survive for long. To put it another way, cash flow is like the oxygen that keeps a business alive. Just as oxygen is necessary for our bodies to function properly, cash flow is necessary for a business to operate effectively. A business can have all the sales in the world, but if it doesn't have enough cash coming in to cover its expenses, it will quickly go out of business. Understanding cash flow is essential because it helps business...
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