Its a sad truth that even a successful business can run out of cash. Sometimes the “cash conversion cycle” can turn a successful business into a struggling business. I’ve seen businesses grow so fast that they literally die for lack of cash. Crazy… right?
Employees won’t wait for payroll and landlords don’t want to hear about your cash flow when rent is due. Sure, cash is a problem. But if you have Accounts Receivable, you already have the keys to unlocking more cash. Here’s how you can get the cash when you need it the most: