Running a business isn’t exactly a walk in the park. It is definitely hard work, but a rewarding journey at the same time and you can probably attest to this yourself.
Sometimes, things also don’t go as planned and you may find your business under financial distress. Suddenly you find yourself falling behind on due dates, suppliers are chasing for payments, and your stress levels are skyrocketing.
Regardless of the nature of your business, you need sufficient cash flow to meet your financial obligations. And the closer you are to not being able to do this, the closer you get to insolvency.