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 43

May 04, 2021 • 00:33:36

Leadership On The High Seas

Nigel Stoke, alias ‘Skipper’, reflects on his 2016 Sydney to Hobart Yacht Race experience. After 2 days of exhilarating high speed ocean racing, things...

Episode 10

July 16, 2019 • 00:23:11

Is there a better road ahead in FY 2020 for mid size and small business CEOs and business owners?

Confidence has jumped in last 3 months – This quarter CEOs and business owners feel the economy has turned a corner but it isn’t...

Episode

September 26, 2023 • 00:37:13

A Fresh Take on Fundamentals: From Burnout to Brilliance

In this episode Trudy MacDonald and Stephanie Christopher tackle this rich and relevant topic, uncovering the evolving landscape of work and leadership challenges -...