Mastering the basics of cashflow: Six tips to keep your venture on track

"Running your own business brings with it a unique set of challenges, especially once you grow from sole trader to employer. The biggest of these challenges is managing cashflow.

A 2016 survey by East & Partners found that more than six out of 10 Australians regularly or occasionally draw upon personal finances, like a personal credit card, to support their business—a practice that does not equate to long-term success.

What these findings suggest is that the survival of many small businesses depends solely on the ability to manage cashflow. And it’s not just about understanding profit margins." Read more

SmartCompany/StartupSmart 23 Feb 2017