Small Business Cashflow Solutions

One size rarely fits anyone. Large and small businesses bear crucial differences that beg for specialized solutions. Profitability problems at large firms rarely cause a sudden cashflow crisis. They may be deep-seated and require large-scale restructuring, but time is rarely of the essence.
A small business may be heavily reliant on a few suppliers, customers, lines of business, or sources of financing. When circumstances change, even if they have deteriorated gradually over several months or longer, a sudden crisis can ensue that threatens the organization's very existence. If the crisis is not addressed decisively and in time, the firm's choices will soon be narrowed to one: bankruptcy (from which most small businesses do not emerge).

Family-owned and closely held businesses present special challenges. And if a small business represents an entrepreneur's life's work and only major investment, a crisis has both financial and emotional implications.

Fortunately, there are consultants and coaches who specialize in helping small businesses recover and retool for the future. They derive satisfaction from helping a small-business owner meet his or her challenges and turn the company around. Their skills, generally multi-faceted and honed in diverse businesses, are as well developed as those of traditional management consultants that work for large firms, but they enjoy the faster pace of working in a small-business environment and can respond quickly to an imminent threat.

By Afra AmirSanjari
Published: 8/26/2005
 
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