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The best way to Handle cash flow problems

Discussion in 'Business Operations' started by hickory, Feb 5, 2004.

  1. Darryl G

    Darryl G LawnSite Fanatic
    Posts: 8,033

    I hate borrowing money and paying interest, so I don't have a line of credit.

    I have a business savings account that I use as overdraft protection for my checking account and to cover expenses in case the checks don't come in time. I keep enough in the account to cover about 2 months of expenses and only dip into it when I absolutely have to....I kind of consider it sacred.
     
  2. charlies

    charlies LawnSite Senior Member
    from earth
    Posts: 587

    we do the exact same thing darryl, savings overdraft prot for checking. every deposit i make, i put 10% into the savings. at the end of the season, we use this to pay the bills over the winter, and for startup in the spring.
     

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