3 Tips for Managing Your Cash Flow During COVID-19

f your brick-and-mortar store is closed or you can’t make your product because your supply chain has collapsed, or you can’t fulfill customer orders, your incoming cash plummets, you could be in a state of negative cash flow during COVID-19. That means you have more cash leaving your business—whether that’s through paychecks, rent payments, paid marketing campaigns, and other fixed or variable costs—than you have coming in. That’s a problem, but it’s not a unique one. Even in a thriving economy, studies show that 82% of small businesses that fold do so due to cash flow issues.

Original Article Source Credits:   Business 2 Community , https://www.business2community.com/

Article Written By:  Elaine Stone

Original Article Posted on:  June 27, 2020

Link to Original Article:  https://www.business2community.com/finance/3-tips-for-managing-your-cash-flow-during-covid-19-02322645