02-06-2024, 06:47 AM
No, a business cannot thrive without cash flow management. Cash flow management is vital for ensuring there's enough cash on hand to cover expenses, pay employees, invest in growth, and handle emergencies. Without effective management, a business may struggle to meet its financial obligations, risking insolvency or failure. Monitoring income and expenses, forecasting cash needs, and implementing strategies to optimize cash flow are essential for sustaining operations and achieving success