Four letter words. Nobody really likes those, right? Well, in this two-part series, we will discuss one of the biggest enemies of small businesses, cash flow. We will discuss eight steps to avoid cash flow problems at your small business on this episode of the business buffet side dish.

Welcome to the business buffet side dish. Welcome to the business buffet side dish.

This is a quick snack on a specific area of business.

Today, we will present a concise element you need to run your business.

Remember to visit business buffet. page or listen to wherever you get your podcast.

It's snack time.

Welcome back to the business buffet side dish. My name is Phil

Anderson, and in this two-part series, we will walk through eight steps to avoid cash flow

problems at your small business. We will cover the first five steps today, and in the next

episode, we will cover the last three. From online invoice software to better budgeting systems and effective cash flow management,

this challenge can be overcome. However, virtually every small business owner has cash flow

problems. One simple tip is to keep strict track of your money where it's coming from and where

it's going. In a blog post, small biz trend says inadequate cash flow can

cripple a small business. In fact, research shows that the insufficient management of cash flow can

be pinned on as much as 82% of small businesses and startup failure. We are going to take a look at the advice of Fred Parrish,

founder and chief executive officer of the profits experts

and the creator of the profit beacon,

an app that provides predictive analytics,

to help businesses make timely and smart decisions.

Parrish is also author of the profit mentality.

Get a pen, get a paper, get some paper ready. Here we go. Step one, do appropriate planning constantly.

According to Parrish, the real key to avoiding a cash flow crisis is to do the appropriate

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