Here is a trick question for you: Which is more important – Profitability or positive Cash Flow?
For those of you thinking, “Wait, how are they different in the first place?”…just keep reading.
As you noodle on that question, consider that 82% of entrepreneurial businesses fail because of poor cash management!
Dave Chase is a partner at Advanced CFO Solutions. At Advanced CFO Solutions, we provide outsourced accounting and financial services. We have served with more than 450 companies. Our clients see us as their strategic, outsourced CFO. We provide CEOs with critical information so they can make key decisions with confidence. We do this by leveraging our experience and technology to provide actionable information and results. And, we do it for a fraction of the cost of a full time employee. For more information, click here.