How Efficient Entrepreneurs Improve their Liquidity Ratios
The old business mantra holds true – cash is king. And a cash crunch can cost your business a fortune, whether you resort to expensive loans or miss out on opportunities because you cannot take advantage of them.
Here are a few ways efficient entrepreneurs improve their liquidity ratios, maintaining enough cash on hand to weather storms without starving their businesses.
Set Up Sweep Accounts
Sweep accounts allow you to automatically “sweep” your accounts with any excess cash balances, moving the money to interest paying accounts.