Do you know what to do to keep your business afloat? Listen to this micro-podcast with your host Carl Gould every week day.
Read full transcript:
Hi everyone, Carl Gould here with your #70secondCEO. Just a little over a one-minute investment every day for a lifetime of results.
Right now. Let’s deal with the immediate problem. Let’s look at your capital stack. You have operating capital, you have a set capital and you have reserve capital, but let’s deal with the immediate problem, which is April. Let’s look at cash in the bank, accounts receivable and then jump down to number four deferred revenue your
MRR is monthly recurring revenue or ARR annual recurring revenue. Let’s look at those three. So let’s look at what cash you have in the bank and obviously want to conserve as much cash as you want.
Now AR matter accounts receivable matters guys, just because somebody can’t pay you right this moment doesn’t mean that you can’t defer and collect it later or spread out the payments. And your deferred revenue that supposed to come in June, July, August September, October, November December. You’re still likely to collect that. So here’s what I want you to do. I want you to put together a 12-month cash flow projection.
Like and follow this podcast so you can learn more. My name is Carl Gould and this has been your #70secondCEO.