• "Golden Business Rules: Cash Matters" The Podcast For Entrepreneurs w/ Jim Schleckser

  • Jun 5 2024
  • Length: 25 mins
  • Podcast

"Golden Business Rules: Cash Matters" The Podcast For Entrepreneurs w/ Jim Schleckser By cover art

"Golden Business Rules: Cash Matters" The Podcast For Entrepreneurs w/ Jim Schleckser

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  • Summary

  • You know, I once had a friend, Barry, who recently embarked on his entrepreneurial journey. He sought my advice earnestly, asking, "What are the three crucial things I must know? I'm new to this business world." I replied, "First and foremost, you must never run out of cash. Cash flow is paramount; it's the lifeline of your business. Without it, you're unable to meet your obligations, and the business comes to a standstill. Simply put, if you have cash, you can address any challenge; it's just a matter of time. Cash reigns supreme." He nodded, jotting down the importance of cash. "What about number two?" he inquired. I reiterated, "Number two is still about cash. And guess what? Number three is too. Never underestimate the significance of maintaining a healthy cash flow."

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