When to save and when to spend - as taught in our accounting degree
17 Feb 2017
In difficult times, it is always wise to return to basic principles such as a healthy cash flow. This is true, whether you are an individual, a small business or a large multi-national. Having sufficient liquidity gives you the leverage needed to be able to respond fluidly to unforeseen circumstances – and expenses. In fact, since the credit crunch of 2007-8 and the raft of business regulation that was introduced in its wake, it is probably fair to say that it has never been more important for companies, especially banks and financial institutions, to maintain a healthy cash flow.