You bank account is not an indicator of how much available cash you have in your business. Treating as such is going to have scary consqeuences down the line.
Takeaways:
- Keep a close eye on your cash flow, especially during the high-spending Q4 season.
- Understand your current cash flow situation to ensure you can cover essential expenses.
- Plan for both personal and business expenses during the holiday season to avoid cash shortages.
- Assess your spending habits in Q4 to maintain liquidity for necessary investments next year.
- Establish a budget that accounts for both expected income and potential expenses in Q4.
- Create a strategy to maximize cash flow and ensure financial security for 2025.
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