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Article: Manage your cash flow: positive cash flow comes from a team approach to regular financial scrutiny.(BUSINESS OF DESIGN/BUILD)
- Article from:
- Design/Build Business
- Article date:
- January 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 Cygnus Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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If you are an architect or builder who owns a privately held business, your responsibilities are many. But the single most critical element of your ongoing success--the lifeblood of your business--is positive cash flow. One way to ensure it keeps flowing is to carefully and systematically manage both your business and personal cash flows.
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Money moves constantly from both your personal and business checking accounts. The predictable, controlled movement of money from your personal account into your business capital account is a part of managing any growing business. It is what I refer to as the revolving door. And it's not a bad ...