Cash Flow Management
Filed in archive Management by Greg Balanko-Dickson on September 27, 2006

. "Making money" is one thing, but generating cash is quite another. Certainly you'd like to boast more revenues than expenses in a given period. Yet for a host of accounting reasons, you can show positive earnings on your income statement but be draining cash at the same time. Via Forbes "If You Manage Nothing Else"
If you are a services business answering the question "How Do I Set A Profitable Hourly Rate To Charge For My Services?" is important because most service businesses charge an hourly rate and coming up with the right selling price for your service business is essential if you want to be profitable.
However, like the Forbes article states, if you do not have a budget and control your spending you will still bleed cash and end up with a crisis on your hands.
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