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 26

March 11, 2020 • 00:31:14

Good Business comes from Good Family

Susanne Bransgrove is Founder & Director of Women in Family Business and LiquidGold Consultants. Susanne's passion for Family Businesses is built on her experience...

Episode

August 05, 2024 • 00:27:37

The Power of Organisational Alignment

In this epidsode Ron Schwartz, founder of Brass Tax and expert in organisational transformation shares valuable insights on aligning your organisation by asking five...

Episode 55

May 11, 2022 • 00:22:57

Just Be Digital - Top tips on moving forward with Digital Transformation

Rob Kinkade, Co-Founder & CEO FORUMM Digital and Director of DuToday brings a cross-sector perspective to digital transformation and in simple terms, unpacks what...