Cash-Flow Crisis Is Recession's Legacy for Small Biz
Companies reeling from stalled sales and tightened credit face formidable threats: customers paying more slowly and suppliers seeking to be paid more quickly
Payment squeeze: M&J Kitchens closed in August after 26 years even though its owner says revenue was up.
Custom cabinet seller M&J Kitchens survived the Great Recession even though its revenue from homeowners and builders dropped by more than half in 2009. Then, last August, with sales tracking 42 percent higher than a year earlier, owner Drew Davies shut the East Greenwich (R.I.) company after 26 years, unable to pay his bills. M&J was a casualty of a cash-flow crisis precipitated by his bank and trading partners who, Davies says, abandoned payment agreements that had been in place for decades.
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Posted by RightOn Inventory at 3/1/2011 7:00 AM 
Categories: Manufacturing, Small Business Survival, Inventory Management
Tags: Accounting Professionals economic profit inventory inventory management Manufacturing small business retailer wholesale
Categories: Manufacturing, Small Business Survival, Inventory Management
Tags: Accounting Professionals economic profit inventory inventory management Manufacturing small business retailer wholesale
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