How can you be in business and not know where your cash is? - 'It's about the management of cash more than the management of profit'

Vistage Live - Australia and New Zealand - Business and Leadership Insights

May 29 2019 | 00:19:05

00:00 / 00:19:05

Show Notes

John Stewart, talks to Stephanie Christopher about the importance of forecasting your balance sheet. It's about the management of cash more than the management of profit.

Everyone knows 'Cash is King' and 'You only run out of cash once'. Most people in business understand these as a statements, however John has found that most business leaders' ability to know where their cash is and their ability to forecast their cash is wanting.

"You can keep a business alive with poor profit and strong cash flow, however if you have a business with strong profit and poor cash flow your business is at risk."

It's about the management of cash more than the management of profit!

Other Episodes

Episode 4

May 17, 2019 • 00:43:08

Skiing in Japan waist deep in snow and LOST....Decision making has never sounded so suspenseful!

Will Meere, a young doctor takes time out for a short trip to Tokyo, Japan and then decides to journey northwards for a few...

Episode 52

March 23, 2022 • 00:11:25

A COVID-19 update - Business Leaders' focus turns to Risk Management & Compliance.

The landscape has shifted rapidly as we transition to the new normal and living with COVID. The conversation has shifted from restrictions to risk...

Episode 7

June 13, 2019 • 00:26:36

Customer Centricity - How do you surprise and delight your customers?

Ashton Bishop, CEO, Step Change talks to Stephanie about the ‘7 Customer Centric Shifts’ that Business Leaders need to adopt to become truly 'Customer...