Cash flow management is critical for the sustainability of any business. It refers to the total amount of money being transferred into and out of a business, and understanding it can help you maintain healthy operations. Here are some key concepts regarding cash flow: - Importance: Positive cash flow ensures that your business can meet its obligations, invest in growth, and weather financial storms. - Monitoring: Regularly monitor your cash flow statements to identify trends and make informed decisions. - Strategies: Implement strategies such as timely invoicing, managing inventory, and controlling expenses to improve cash flow. - Forecasting: Accurate cash flow forecasting allows you to prepare for future financial challenges and opportunities.