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The Do's and Don'ts of Cash Management

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by Bronwen Roberts

Working capital is a highly effective barometer of a company's operational and financial efficiency and effectiveness. The better its condition, the better placed the company is to focus on developing its core business.

The early, primitive attempts at maximizing cash management can be traced back to the late 1970s. Unbelievably, there are still some companies who haven't yet understood that putting cash trapped in the balance sheet to better use can give them a competitive edge over their rivals.

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A Picture of Personal Accountability

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It was a beautiful day in down town Minneapolis when I stopped into a Rock Bottom restaurant for a quick lunch. The place was jammed. I didn't have much time, so I was happy to grab the one stool they had available at the bar. A few minutes after I sat down, a young man carrying a tray full of dirty dishes hurried past me on his way to the kitchen, but noticing me out of the corner of his eye, stopped, came back and said, "Sir, have you been helped?"

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