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Do You Have Enough Cash?

February 11, 2014 by Deb Howard Greenleaf

New business owners often wonder how much cash they should keep in their business checking accounts. I’ve seen two extremes: some businesses run hand-to-mouth and always carry a very low balance while other businesses seem to be uncomfortable when their bank balance drops below six figures! My general recommendation is that you should always have enough cash to cover one month of your “normal” … [Read more...]

Filed Under: Best Practices Tagged With: cash reserves, contingency fund, money planning, savings

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