Below is an excerpt of an article by Bret Curtis, tax shareholder in our Overland Park office, which was published in Thinking Bigger Business. Click here to read the full article on the Thinking Bigger website.
There’s a reason why “cash is king” is a mantra for so many business owners. As advice goes, it’s right up there with “always wear a life vest” when you’re on the water. Healthy cash flow can make the difference between staying afloat during tough times—or sinking under a wave of setbacks.
An economic downtown, lost customers, a lack of investors or even a natural disaster can all bring a healthy cash flow to a mere dribble. What should you do if you find yourself in a cash crunch?
Click here to read the article in its entirety.