Ken Yager contributed to this article for American Express.
Strive for 5 percent liquidity in your cash-flow plan.
After you make payroll and pay your bills, you may want to strive to have more than 5 percent of your weekly revenue in cash reserves, advises Ken Yager, a cash-flow coach and turnaround manager for small- and middle-market companies.
“What counts as liquidity is cash in the bank, a line of credit and even a merchant credit card,” says Yager, president of NewPoint Advisors Corporation, a turnaround consulting firm in Schaumburg, Illinois.
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