Savvy Business Advice
Cash Is King - Cash Flow Rules!
Many businesses start out in good shape but over time many fall victim to cash flow problems. Believe it or not, many business owners do not spend enough time paying attention to their cash or do cash flow projections. In this episode of the Ask The Expert series, The Coach - Chris Ruisi visits with Joe Worth, owner and partner of B2BCFO to discuss cash challenges and what can be done to avoid them.
The two cardinal rules of running a business are:
- never run out of cash
- cash is king - it keeps your business alive
In this episode of Ask The Expert, The Coach - Chris Ruisi and his quest expert, Joe Worth, owner and partner of B2B CFO discuss Joe's top five cash flow rules. They are:
- always know the cash balance in your business - now
- do today's (Cash) work today
- if you cannot do the "cash" work then find somebody who can
- You absolutely, positively must have cash flow projections; and,
- eliminate cash flow worries so that you, as the owner, can focus on your existing customers and...what you must do to find new ones
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