How much of a cash reserve should you have?
There will always be storms that come in, and you must be able to endure those storms. Most people don't build enough of a cash reserve in their business, or they always spend any spare cash, often running the business without an adequate cash buffer.
How much cash should you have in your business? What is a good or bad cash buffer? Why is it important to maintain a cash buffer in your business?
We answer these and more questions in this week's episode.
-----
* Do you love The Growth Whisperers and want to see our smiling faces? Subscribe to our YouTube channel.
* Do you enjoy our content? Rate our show!
* Follow us on Twitter @Evolution_Perth and @lawrenceandco1 Learn more about building enduring great companies.
-----
-----
Links:
*https://evolutionpartners.com.au/
-----
Additional episodes you might enjoy:
# 50 Jim Collins Flywheel Concept: How to build unstoppable momentum in your company
# 16 Jim Collins
# 84 The 7 common strategy mistakes from Michael Porter
# 43 The top 7 best practices for weekly meetings
# 69 What is a Topgrading virtual bench and why you need one
# 88 The hidden cost of not having a team of all A-Players
