If you’re in business, sooner or later, you’re probably going to have a cash shortage. It doesn’t matter if you’re the only person working in your business, or have a 100 employees working for you. You will have a cash shortage.
Experiencing a cash shortage isn’t necessarily a sign of poor planning. It doesn’t mean that your business is a failure. It just means that you, like any other business owner, can’t predict everything that will happen in the future.
The key to surviving a cash shortage for your business is to accept that it will happen and have a back-pocket plan to deal with it when it does. Here are some tips to help you survive when your cash flow won’t meet your expenses.