Cash-flow projections can help small-business owners prepare for the future, Rich Russakoff and Mary Goodman write. "If you know in advance that you will not break even in a given month or longer, you can put a plan in place to make up the shortfall with a line of credit, cash reserve or savvy cash-flow management." Such projections should factor in expected revenue, expenses and sales, they write.

Full Story:
CBS MoneyWatch

Related Summaries