What if I told you that every business had hidden treasure buried in its basement? I don’t mean a chest of gold and jewels, but almost every business I’ve come across has tied-up cash, additional sales, and missed opportunities just lying around, available and squandered.
Most business owners think that hidden cash is only in high inventory levels or outstanding accounts receivable. These are the obvious places your accountant would identify, but they are only a starting point for when you need to free up some cash. Of course, you can sell off some inventory or collect money owed to you, but those options are often limited. Some of the larger sources of cash are not apparent on the balance sheet.