Note: This article is the first in a two-part series on achieving better cash flows for your practice. Next month’s article will cover specific strategies to improve your cash flows.
According to a CBInsights study, https://www.cbinsights.com/research/startup-failure-reasons-top/, running out of cash is the second highest reason why startups fail. To prevent this from happening to your OD practice, it’s important to manage your cash flow efficiently. So let’s first cover some basics that every OD should understand about their practice’s cash flow.
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