Business Mentoring Series – Managing Cash Flow with Lara Hodgson
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Last week, Lara talked with Fran about the dangers of growing your business to death. This week, she examines proper cash flow management.
No matter how much you try to plan and control your business, the unexpected still strikes and cash flow is affected by all kinds of things outside your control. When this happens, you have to have the right dollar at the right time for the right use to maintain your growth. Not every dollar is equal, and what you need to do will dictate where the money should come from. This problem is one reason to maintain a separate source of income when you’re just starting out, so that you have something to sustain you until you’re generating enough revenue in your new business.
In this session, you’ll learn:
- Why every dollar is not equal
- The benefits of keeping your job while you start your business
- How a smaller budget can help you grow more effectively
Here’s a preview:
Members get free access the full episode starting Thursday, June 12th. Other episodes in this month’s series include:
- Be Passionate About “Why” (June 19)
- Growing the Right Way (June 26)
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