Working capital is essential for both emergencies and company growth.
What’s heard in the news is that cash flow problems can destroy businesses. An Entrepreneur article quoted a study that found: “Cash flow problems can kill businesses that might otherwise survive, with 82 percent of business failures caused by poor cash management.” An Inc. article noted that poor cash flow management is causing more business failures today than ever. What’s not discussed nearly as often is the fact that businesses don’t need to be going through hardships to need working capital. Oftentimes, businesses need capital to take the business to its next level, but in either case, having working capital can come in handy.
Click to read the full article written by our COO that was published by New Jersey Business Magazine.