187 Cash is King: The Key to Small Business Survival and Success
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187 Cash is King: The Key to Small Business Survival and Success
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Manny discussed the critical importance of cash flow management for small and mid-sized businesses, emphasizing that even profitable businesses can fail due to insufficient cash. He shared personal experiences and practical tips, including tracking every dollar, creating cash flow forecasts, maintaining an emergency fund, accelerating receivables, and negotiating payment terms with suppliers. Manny stressed the need for proactive cash flow management and encouraged listeners to review their financial situations regularly, highlighting the significance of cash flow as a business's lifeblood.
Coach Manny Nowak
//http:coachmanny.com
Manny@mannynowak.com
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