Novalis Innovative Flooring exhibits at Domotex Asia/CHINA Floor

Jim Buckles, president of BCS Consulting, talks about the perils of success, the numerous problems experienced by retailers as a result of inadequate cash flow. Buckles also discusses the root cause of these problems and how they can negatively affect a business, including: being responsible for closing a business, damaging the retailer's reputation, and missed discounts and opportunities. He also explains how a retailer can calculate working capital, what level of working capital a retailer should maintain, and steps a retailer can take to avoid these problems.