Where’s your cash going?
Cash is the fuel for your business and it allows your business to go more places. The more cash you have, the more options and opportunities you have for expansion.
So I say: pile it high and deep.
That way, you’ll be able to take advantage of any and all opportunities that make sense for your business that may present themselves.
There’s a famous saying “revenue is vanity, profit is sanity, and cash is king.”
We always need to remember that cash is the most important thing for small to mid-sized businesses. Why?
It allows us to do more, pay our people, expand the business, elevate our impact, and deliver on our strategic mission and purpose. Fulfillment of the business mission has a positive impact on your business, employees, clients, and community.
So, cash is king.
Dive into how to get and retain more of it in episode 3 of TurboCharge Your Business: Cash Flow Planning.