Cash Management Strategies for SMBs
When it comes to running a small business, cash management is an essential aspect that often gets overlooked. Unfortunately, many business owners don’t consider the opportunity cost of suboptimal cash management practices. This is particularly true when it comes to managing your business’s idle cash. Holding your idle cash in an insured checking account seems like a sensible move in comparison to, say, keeping physical cash in a safe at your principal business location. But it’s often better to invest it in a diversified basket of short-term, low-risk securities or to use it to pay off high-in...