ENTREPRENEURSHIP

Detailed explanation-1: -The management of cash is very important as cash allows a business to pay its bills. The main cash payments a business makes include: payments to suppliers. payments to employees.

Detailed explanation-2: -Most businesses have some kind of debt and the key to keeping up with repayments is good cash flow. Good cash flow ensures your business can pay suppliers and staff on time. Therefore, cash flow is really important in maintaining good business relationships.

Detailed explanation-3: -Positive cash flow leads to a more stable business model, making it possible to pay suppliers and other expenses on time. Beyond a professional reputation, you will avoid late fees and other penalties that would negatively impact your business.

Detailed explanation-4: -Cash flow management means tracking the money coming into your business and monitoring it against outgoings such as bills, salaries and property costs. When done well, it gives you a complete picture of cost versus revenue and ensures you have enough funds to pay your bills whilst also making a profit.