Reaching Max Potential

Episode #104: Building a Financially Resilient Business


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In this episode of The Reaching Max Potential Podcast, we explore the strategies for building a financially resilient business. Learn how to maintain robust cash flow, diversify revenue streams, manage costs, leverage technology, and implement strong financial governance. Discover practical tips for effective risk management and the importance of fostering a culture of financial awareness. Perfect for entrepreneurs aiming for long-term success, this episode provides insights to fortify your business against financial shocks and ensure sustainable growth. Tune in to enhance your financial resilience and achieve high performance.


REFERENCES


Bhamra, R., Dani, S., & Burnard, K. (2011). Resilience: The concept, a literature review and future directions. International Journal of Production Research, 49(18), 5375-5393. https://doi.org/10.1108/01409171111127767


Hopkin, P. (2018). Fundamentals of Risk Management: Understanding, Evaluating and Implementing Effective Risk Management. Kogan Page Publishers. https://doi.org/10.1002/9781119206911


Kaplan, R. S., & Atkinson, A. A. (1998). Advanced Management Accounting. Pearson Education. https://doi.org/10.1002/9781119206911


Markowitz, H. (1952). Portfolio Selection. The Journal of Finance, 7(1), 77-91. https://doi.org/10.1111/j.1540-6261.1952.tb01525.x


Nash, K. S. (2018). Best Accounting Software for Small Business 2018. Business News Daily. https://www.businessnewsdaily.com/7543-best-accounting-software.html


Penman, S. H. (2012). Financial Statement Analysis and Security Valuation. McGraw-Hill Education. https://doi.org/10.1086/679451


Peavler, R. (2020). How to Manage Cash Flow in Small Business. The Balance Small Business. https://www.thebalancesmb.com/managing-cash-flow-2948521


PwC. (2020). Cybersecurity and privacy. PwC. https://www.pwc.com/gx/en/services/consulting/cybersecurity.html

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Reaching Max PotentialBy Jeff Piek