Why cash is king – Sarah O’Toole, partner Grant Thornton
By Sarah O'Toole, partner Grant Thornton
It’s commonly said in business that “profit is sanity, turnover is vanity”.
For me, there is a third guiding principle for business owners, particularly those in growth mode, and it’s that ‘cash is king’.
In my experience, managing cash is an over-arching and critical discipline, applicable to companies across every sector.
Essentially cash is the lifeblood of a business and not managing it can lead to serious consequences.
Often businesses on a growth trajectory have... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
