The start of a new year is always a good time to create a cash flow projection and work toward improving cash flow management skills. Adam Stewart, a debt collection expert, describes it this way: “Cash flow is having the right amount of cash in the right places at the right time, every time.” Cash flow management begins with observing the natural flow of funds in your organization, household, or business with the desired goal of generating useful cash flow projections. Here’s how you can get on top of your cash flow in 2023.

With so many unpredictable factors affecting our lives and the economy in 2020, how can we anticipate positive change as this year continues to unfold? The key might be to control what you can and prepare for the tides that could turn either way in the months ahead.

With careful management, any amount of money you make can work hard and increase in usefulness and the ability to create wealth, stability, and comfort for you and your family for generations. Conversely, even with an incredibly generous income, if not strategically managed, you can end up with cycles of debt, and chronic financial anxiety.

The recent COVID-19 crisis has had a major impact on small businesses everywhere. Cash flow may be a challenge during normal times but this emergency is putting at risk the survival of each business. Further, it threatens the livelihood of owners and employees.