Collections are received within 60 days. Accounts payable take advantage of cash discounts. Disbursements are made by prenumbered check. The company projects cash-flow needs 1. Payrolls are met without problems.
Money is set aside for expansion, emergencies and opportune purchases.
Short-term financing is used when needed. Line of credit is established with a bank. The company understands the role of financial planning in today's highly competitive lending markets. The owner's personal resume is prepared and current. Personal financial statements have been prepared.