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Is (Lack of) Cash Flow Killing Your Business Partnership?

Is (Lack of) Cash Flow Killing Your Business Partnership?

By Nina Kaufman, Esq.

Yes, lack of cash flow can kill any business, but it seems to hurt more in business partnerships. First, there’s the denial phase (“sure, we can continue to meet expenses and take our monthly draws”).  Then, there’s the belt-tightening phase (“we’ll hunker down, but this, too, shall pass”).  And then, like a slowly seeping poison, there’s the finger-pointing stage (“you’re taking more than your fair share”; “you authorized paying for that new computer system when we needed that for the rent”). So many business partnerships are run with talented people who have no clue about how to run their business from a cash flow/financial point of view.  If neither one of the business partners is particularly numbers-savvy (or independently wealthy and willing to keep the company afloat), you have two options: Learn to read the numbers; or Hire someone who can If you’re experiencing cash flow problems in your business and aren’t sure why, have a look at Cash Flow Rollercoaster’s Cash Flow checklist.  It asks you 25 important questions to help diagnose where the…

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Nina Kaufman

Flying solo doesn’t have to mean going it alone.

I’m Nina Kaufman.

I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.

With wide-ranging experience as a business attorney, strategist, and media authority, I bring the added power of a business lens to the legal issues my clients are facing.

And because I’ve been a business owner myself, I’ve lived through the soaring highs and devastating lows – like when my first law firm failed. So I understand what’s involved to serve great clients, detect business risks early and build a true legacy.

I can’t get those 12 years back. That’s why I have made it my mission to ensure that business professionals like you can become wise and discerning leaders, build a solid business, and live your best life.