Designating available cash with precision and intention is critical to the health of a business. Whether a company is enduring a cash shortfall or enjoying a season of plenty, the use of available cash can either advance the company or hinder its success.
With the economy destabilized by the Covid-19 pandemic, the U.S. government has spent trillions of dollars attempting to reduce the impact on American workers, families, and small businesses. Many Americans have received a stimulus check from the federal government, and many are hoping for another one this fall.
If you are a new small business owner, you probably started your venture because you love what you do. It takes energy, endurance, and wisdom to take an idea from conception to a profitable business. And a vital piece of that profitability puzzle is your revenue. Sales.
Now entering the third quarter of 2020, small business owners across the nation hope to jump start their businesses. We have seen various impacts due to the coronavirus pandemic, but the question is… Is it over? What will it take for the economy to rebound and how might a second wave change things?