by Dr Greg Chapman
This is another in the series of posts on Small Business Best Practice Benchmarks.
In business Cash is King. Many business go broke ‘making a profit’. Cash at Bank refers to the ‘liquid’ assets that are actually cash or can be turned into cash very quickly. Having a minimum level of Cash at Bank is essential to ensure continuity of operations.
Dr Greg Chapman is the Director of Empower Business Solutions and The Australian Business Coaching Club and is Australia's Leading Advisor on Emerging Businesses and provides Coaching and Consulting advice to Australian Small Business Owners in Marketing & Business Strategies Planning & Systems. He is also the author of The Five Pillars of Guaranteed Business Success and Price: How You Can Charge More Without Losing Sales.