I don’t need to tell anyone that when a back is against a wall, fear levels rise, or, the default response to stress can be reaching out for the first thing that distracts from the surrounding reality. We’ve all experienced fear at some point. Stress is but fear thinly spread.
I also don’t need to tell business owners about cash flow gaps being risky or, how unplugged gaps can manage to finish businesses off. We’ve all seen it happen. We all know options are always out there, that businesses can be profitable but have poor cash flow, and challenging cash flow can make for sweaty palms.
For businesses to take back control, what opens escape routes, helps cash flow and reduces stress levels? Effective planning in conjunction with controlled borrowing.