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If Cash is King, how much cash does your business need to enjoy that royalty status? Everyone talks about how important cash is in a small business, but few entrepreneurs take the time to really understand their cash position. Fewer still will be able to know how much cash they actually need to operate their business. Far too many businesses don't have enough cash in their business and just keep moving forward hoping that nothing bad will happen to them. They operate unprepared and don't even know it. And many other businesses mistakenly assume that more cash is always better. They hold too much cash in reserve which actually slows growth and ultimately makes their business less competitive. The correct amount of cash is known as your Targeted Cash Balance. To learn about this amazing yet simple tool, join us for this week's episode.
By Ryan Murray and Ethan Migliori5
77 ratings
If Cash is King, how much cash does your business need to enjoy that royalty status? Everyone talks about how important cash is in a small business, but few entrepreneurs take the time to really understand their cash position. Fewer still will be able to know how much cash they actually need to operate their business. Far too many businesses don't have enough cash in their business and just keep moving forward hoping that nothing bad will happen to them. They operate unprepared and don't even know it. And many other businesses mistakenly assume that more cash is always better. They hold too much cash in reserve which actually slows growth and ultimately makes their business less competitive. The correct amount of cash is known as your Targeted Cash Balance. To learn about this amazing yet simple tool, join us for this week's episode.