There is no one challenge that every business faces as regards cash flow. In this episode Katie Hurst and Sue Jackson share what they see as some cash flow challenges businesses face and provide insights as to how to overcome these. In this episode we look at:
· The importance of a strategic plan and building reserves in the business
· The difference between profit and cash
· The importance of the balance sheet in understanding your businesses financial strength
· How too large a cash balance can be detrimental to the business
· What to avoid holding too large a cash balance
https://katiehurst.com.au/
https://www.awakenedenterprise.com/
Time stamps
3.28 The importance of a strategic plan and building reserves in the business
7.54 The difference between profit and cash
9.04 The importance of the balance sheet in understanding your businesses financial strength
12.47 How too large a cash balance can be detrimental to the business
16.33 What to avoid holding too large a cash balance
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