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E83: Fly Your Business Three Mistakes High: Why Cash Flow Is the Oxygen That Fuels Success
Manage episode 423145091 series 3561497
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In today’s episode, Roger continues sharing business insights and wisdom from his book, An Insider's Guide to Business: Secrets from an Entrepreneur's Journey. In this installment he delves into some crucial financial principles for small to mid-sized business owners, emphasizing the importance of cash flow management. Roger discusses the four leading financial indicators that are vital for your business to succeed. Key takeaways include maintaining at least three times the working capital you think you need, the significance of daily cash flow monitoring, and strategic ways to free up cash tied up in inventory and other assets. Roger stresses knowing your financial KPIs and using your balance sheet effectively to ensure your business has the 'oxygen'—cash—it needs to thrive and fly high. Topics Include:
- Understanding Financial Leading Indicators
- The Importance of Consistent Cash Flow
- Managing Cash Flow and Credit Lines
- Monitoring Your Business's Financial Health
- Tips for Optimizing Your Balance Sheet
Roger’s Book: An Insider's Guide to Business Secrets from an Entrepreneur's Journey. Let's Get Social: Connect with Roger and ThriveMore Brands Visit Us: ThriveMore Brands Website
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