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Whether your business is booming as part of an industry thriving in today’s economy or suffering as part of a sector affected by the oil slump, cash flow can be an ongoing challenge. For growing businesses, cash can actually be extremely tight as you spend more to fulfill increased sales. If you’re feeling the squeeze on cash flow, consider these ideas for building reserves, improving margins, focusing spending and creating leverage:
Need help implementing these cash-flow management strategies? Contact Doeren Mayhew’s CPAs and business advisors to help you better manage your cash flow.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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