Do you know the cash break-even point of your business?  My experience with small businesses is that It can take time for them to become profitable. Working with a cash flow projection for your business can help you figure out when you can expect to financially turn the tides. Here's everything you need to know about determining your company's cash break-even point.

I talk with small business owners who are struggling during this pandemic. One of the questions I ask is "Do you have enough in cash reserves to cover expenses for the next 30-90 days?" Why? These reserves are crucial to help you pay vendors and employees during a financial crisis. Here’s how to figure out how much cash reserves your business needs for the next three months.

In my work with small businesses I am familiar with how cash flow management can make-or-break a company. Simply stated, if you aren't properly managing the flow of your money, then you are setting your business up for failure. In this time of COVID-19, managing cash flow is more critical than ever. A new commitment to cash flow planning and management is needed.