No one plans on their business being in the red. To say that “it just happens” is so wrong. It’s plain and simple a business’s numbers plummet into a deep red due to lack of good accounting and bookkeeping.
There are plenty of ways to avoid it though. Two top reasons businesses fail are due to poor accounting and the lack of a “cash cushion” when they would need it in an emergency to help them stay afloat or just break even.
Here are 10 ways to be sure to keep your books out of the red, and to help your small business stay in the air, not on the ground.