Cash is mission critical for any business and running out of it is the number 1 startup killer. Generating tons of revenue and showing a lot of accounts receivables (A/R) mean little if you don’t also have adequate cash in the bank to keep the lights on. Keeping a laser focus on your cash position and always maintaining a healthy operating runway are two of your main tasks as a founder. Ryan Johnson, EGFS’ VP of Operations recently laid out his insights and recommendations on our Simple Steps to Better Cash Flow Management webinar: Optimizing your cash flow management: #1. Apply a scientific approach to monitoring and understanding your cash flow. Measure your results, then incorporate the feedback you get into your next decision. #2. Your assumptions about your business are the keys to quantifying and modeling your cash flow. The way to do that successfully is to qualify your … Continue reading
↧