by johnireland | Articles
Every year, profitable businesses close their doors not because they stopped making money, but because they ran out of it. It is one of the great paradoxes of running a company: the profit and loss account can show a healthy surplus while the bank balance tells a very...
by johnireland | Business Builder
Profitable businesses can still run out of cash because profit and cash are measured differently: profit counts income when earned, cash counts money when it actually arrives. The cash conversion cycle — the time between paying for stock or wages and being paid by...
