039: How To Build Reserves In Your Business
Seven Figure Consultant with Jessica Fearnley
English - August 24, 2020 07:00 - 10 minutes - 7.09 MB - ★★★★★ - 1 ratingEntrepreneurship Business Management Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 038: Speeding Up Your Sales Cycle, with Laura Wright
Is there such a thing as a stress-free business?
I don’t know that any business will ever be 100% stress free.
But you can minimize the stress you experience, by taking one small, but important action every single month - building up your cash reserve.
When you compare it to the alternative, living hand to mouth, it’s really no contest.
In this week’s podcast episode I discuss:
What a business reserve is, and why it matters How much cash you should be holding in your business What to do right now if your reserves are zero (or near to zero).
Useful links:
Profit First by Mike Michalowicz
Book in for a one-off call with Jessica to discuss your business’ financial situation