What do you know about staying profitable with your business? If you are someone who owns or runs a business, this can be very important. There is a difference between stay afloat or drowning depending on how you can survive with a cash crunch. So what can you do if you find yourself in a cash crunch? First you want to triage the situation, focus on your inventory and manage your receivables. To learn how to manage your business and keep a profit, read more in this article!

Key Takeaways:

• List of things to do when your restaurant is in a “cash crunch”.”
• Make sure not to panic, and take in the big picture to assist you in tackling this challenge.
• Manage your cost, inventory, assets, and work with your CPA to ensure you are maximizing your efforts to manage your cash reserves.

“Make sure you understand outstanding balances and credit limits for cash advances versus purchases.”

Read more: https://www.foodnewsfeed.com/fsr/vendor-bylines/9-ways-survive-cash-crunch-your-restaurant