Discuss strategies the business owners used to manage their working capital.

Business owners have a wide range of strategies they can utilize when it comes to managing their working capital. For instance, they could utilize credit options such as lines of credit or loan facilities in order to fund any short-term investments that may be required. Moreover by purchasing raw materials/inventory etc., on terms thus allowing them access immediate cash flows while reducing overall costs.

In addition, firms should also consider availing themselves of various asset-based financing facilities so as to raise additional funds if needed; this could include accounts receivable & inventory management services etc., which would help them better manage their day-to-day operations from a liquidity standpoint. Furthermore having adequate insurance coverage should enable entities reduce financial losses caused by unforeseen events.

Ultimately though with proper implementation, businesses should find that all available techniques will prove beneficial when attempting to maintain efficient levels of working capital going forward.