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The first rule in any business is to stay in business, and the key to staying in business is cash flow.
Managing cash flow is often the most important component of a contractor's success. When considering equipment acquisitions, the four major issues affecting cash flow are:
- Cash on hand
- Down payments
- Monthly payments
- Overall cost
Each of these issues should be thoroughly reviewed and evaluated prior to acquisition.
Every contractor's business is different, and no two have the same needs. Since each business faces unique needs and challenges, evaluating your business needs effectively is critical to managing cash flow. |
