3 Tips for Managing Your Cash Flow During COVID-19
f your brick-and-mortar store is closed or you can’t make your product because your supply chain has collapsed, or you can’t fulfill customer orders, your incoming cash plummets, you could be in a state of negative cash flow during COVID-19. That means you have more cash leaving your business—whether that’s through paychecks, rent payments, paid marketing campaigns, and other fixed or variable costs—than you have coming in. That’s a problem, but it’s not a unique one. Even in a thriving economy, studies show that 82% of small businesses that fold do so due to cash flow issues.
Original Article Source Credits: Business 2 Community , https://www.business2community.com/
Article Written By: Elaine Stone
Original Article Posted on: June 27, 2020
Link to Original Article: https://www.business2community.com/finance/3-tips-for-managing-your-cash-flow-during-covid-19-02322645