7 Ways the Cloud Can Help Your Business Save Money (Infographic) It's be time to assess your spending and look beyond the books to identify inefficiencies and places your business could be losing money.

By Jen Cohen Crompton •

Opinions expressed by Entrepreneur contributors are their own.

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Every small-business owner and entrepreneur knows that properly managing cash flow is a determining factor in whether a business flourishes or flounders. Therefore, it is essential that these decision-makers have a solid understanding of how money is moving in and out of their business.

But what happens when there is a noticeable disruption in the profit and loss statements and the realization that, for unknown reasons, the numbers are dipping in the wrong direction? It may be time to assess your spending and look beyond the books to identify inefficiencies and places your business could be losing money -- without anyone even realizing it.

Related: 5 Ways to Avoid That Jittery State of Panic and Uncertainty About Cash

Here are seven problems that could be causing your small business to lose money and easy ways to fix them:

success of old entrepreneurs(Infographic)

Related: 5 Free Apps to Help You Move Your Business to the Cloud
Jen Cohen Crompton

Entrepreneur-in-Residence at The Neat Company

Jen Cohen Crompton, entrepreneur-in-residence at The Neat Company, has extensive experience with small businesses, including founding her own business, Something Creative, in 2008. Since joining The Neat Company, Crompton has worked as an ambassador to small-business owners and managers by offering thought-provoking insights into how they can work smarter.

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