Jun 12, 2024
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
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Produced By: Social Chameleon