 and we look to optimize our net income, that we also go back and manage our cash flows because it is important for us to make sure that we are managing cash in such a way that we have enough cash to be able to cover our payments. However, we wanna have a minimum steady cash level at the same time. In other words, it's not efficient, of course, to have a lot of cash for a business. The objective of the business is to earn revenue, not to have a lot of cash at any given time. If we have a lot of cash at any given time, that means that we have purchasing power that we're not putting and using effectively. We're just holding on to it. So what we wanna do is have that minimum level of cash that we need in order to go after opportunities that will happen, but at the same time, we wanna have enough cash to be able to make payments. So if we have too much cash, then we're not being optimal with our purchasing power. And if we don't have enough cash, of course, then we're not gonna be able to pay our bills. If we don't have a minimum amount of cash, a level that is relevant, then we're not gonna be able to really go after those opportunities that may arise and need a little bit more cash at any given time. Managing cash. So how are we gonna achieve these goals of the cash management? Well, one, we wanna have collection of receivables, meaning we wanna do what we can in order for the cash to be collected sooner. We would like to have cash sooner rather than later. This, I mean, it can seem like not a big deal when you're talking about a few days or a month, but businesses will spend a lot of time to try to get that money a little bit earlier. If you can get the money a little bit earlier, it could be worth a lot. One, because of the time value of money. And two, just to make sure that you are keeping up with your cash flows, having the cash on hand ready for opportunities. You wanna be able to delay payments of liabilities. Again, it could get to the point of seeming trivial on how you delay the payments for a couple of days or something like that. But any kind of delay of payment that you could have is gonna be beneficial to the business. You wanna be able to delay the payments and that'll increase the amount of cash on hand at any given time. Assets are steady, assets at a steady necessary level. Once again, our goal isn't to compile assets. If we make a lot of money, if the business is doing really well and we don't wanna put the money back into the business, there's no growth opportunity that we see at any given time, then we probably would give that money to the owners of the business, whether they be stockholders or individuals, if it's a sole privateer or a company. In order for the owners to then take that money and they don't wanna hold on to it either, they wanna invest it. You wanna be making money on the money. If there's no business opportunity within the business to be making money to grow the business, then we should distribute that money to the owners so that they can make their own investments and make money with it. Plan and budget expenditures. So we wanna make sure that we have the plan, we have a budget in place in order to know what those expenditures will be. That'll help us to know what cash level we need to have at any given time and help us to have that steady level of assets that we will want to have over time if we know what those expenditures are or have an idea of what they are in advance. Invest when there is excess cash. Again, when we have excess cash, we don't want to just hold on to the cash because we're not making any interest on it. We wanna invest it and we could invest it back into the company if there's growth opportunities or we wanna invest it in something that we're making money on, like a CD or something that we make a financial investment and get a return on, meaning we're trading the purchasing power at any given time. We can't use it in order for a greater return or we wanna give it to the owners so that they can make their own personal investments, whether they be the stockholders or they be the owner of the company.