A business line of credit helps businesses meet the occasional gap between expenses and accounts receivables. It is a valuable financial tool to help business owners approach financing in a strategic and thoughtful way -- but it's easy to take for granted.
Staying on top of financial data can not only protect your cash flow but also help savvy business owners strategize during difficult times, Focused Energy's founder Andrew Lyon explains:
"If business leaders can understand their cash flow and all of its nuances, they can properly position themselves not only to manage how much credit is needed but also how and when it will be paid back. A detailed understanding of cash flow will also ensure that business leaders can proactively manage issues before they become problems." says Lyon.
Being a business leader is tough -- but you don't have to go it alone. Follow FE's tips for navigating risk and finding opportunities or contact us today.