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n. Illinois | No one needs to update their balance sheet upon an unexpected repair expense.
However, you should have an understanding of your cash flow for the next several months and how it will impact it so you can manage your liquidity and sales so you can keep your liquidity adequate at all times without the bank always taking the $200,000 your short of repaying your operating loans and putting back onto your real estate debt just to keep you liquid (its especially bad if you have to ask what's Liquidity?) | |
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Know your numbers!
