nutmeg
Registered: Jan 2007
Posts: 18224 |
09-26-12 02:11 PM
Imo, first thing I would do is project or account or plan cash flow.
This is the only thing that matters intially and where all problems begin and end.
Suppose you have a profitable trade and you are not ready to close it?
In a normal business environment, you have a cycle of invoicing a job and getting paid within 10 - 30 days. Depending how fast this money moves, you can stay in business with low margins, losing money (tax write offs) till prfotiable jobs comes along.
If time has to be your exit strategy to close out a position because you need the money, not good.
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