Carl Gould your #70secondCEO shares daily insights to maximize your day…A quick daily hit with Carl Gould to achieve a lifetime of results. #70secondCEO your micro-podcast…GO!
Read full Transcript:
Hey Everyone, Carl Gould here with your #70secondCEO, just a little over a one minute investment everyday for a lifetime of results. Today’s topic is – Cash Flow.
All right so, give yourself a ranking here:
- To what degree are you cash flow positive on a monthly basis?
- Do you have at least six months operating expenses in reserve to whether a storm?
- Do you have enough buying power in order to take advantage of an opportunity should it present itself?
One is low like, ‘Oh my God, help!’10 is high, were really good there. Anything 7.9 and below and we got to talk, OK? You want to have, you want to be able to manage credit, that’s your buying power. You know at this level of your business you know, just buying on cash and always being in cash isn’t always the way to go. You want to manage your credit and manage it so you are building assets. And are you setting it up, setting aside enough in your business, in your cash flow operations so that you are building a bit of a nest egg? Ok, so you can weather that storm and you must be managing your expenses so that you are cash flow positive each month. So, are you cash flow positive? Have 6 months reserve? Enough buying power?
Like and follow this podcast below. Send me a comment, which of the 3 do you need to work on? I want to hear from you. I am Carl Gould and this has been your #70secondCEO.