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#779 It Is All About The Cash
More than a Few Words
English - October 20, 2022 10:00 - 11 minutes - 9.78 MB - ★★★★★ - 88 ratingsMarketing Business Entrepreneurship Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: #778 Cost Plus Pricing
Next Episode: #780 Protect Your Assets
Owning a business is lots of fun. There are all sorts of reasons you do it. But at the end of the day. It's about the cash. Alvin Narsey considers cash a fundamental metric for any kind of business. Many business owners who fail to manage their cash end up in this situation: Sales and revenue are up, but when they look in our bank account there's no cash. So they wonder where all the money has gone.
If your business is tripping along at a much greater pace than what you've anticipated, having an idea of where the the cash flows through your business is super important. It gives transparency to your business. And fixing your cash flow leads to a whole heap of other improvements in your business