Word to the wise: match your debt choices to your income streams, and only borrow what you can pay back without your future profits waving a white flag.
Keep Your Eyes on the Money Flow
Managing debt isn’t a guessing game. First off, you gotta know exactly what cash hits and leaves your coffers. Keeping tabs on your cash flow statement? It unearths sneaky costs and flags if you’re spending smarter or just throwing darts blindfolded.
Review regularly, nip small slip-ups before they blossom into financial chaos. For heaven’s sake, don’t be the startup that scrambles after late payments—your credit and vendor relationships will take a hit, and nobody wants that drama. Build a safety margin in your cash flow—it’s your business’s seatbelt.
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