There are some fundamentals that are common to each and every business regardless of size, type or structure. One of the most important of these is the management of profitability and cash flow. It is critical to understand the difference between them and the fact that profitability and good cash flow do not necessarily coincide. Of course, eventually if the business is to survive, cash flow must be underpinned by profitability.
By Pascale Butcher, Issued by Meredith Harington 30 Sep 2014 10:43