Remarkable Results Radio Podcast
Maintaining Proper Reserves [E150] - Business By The Numbers
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:24:21
- Mas informaciones
Informações:
Sinopsis
Thanks to our partners, NAPA TRACS and PromotiveThe holiday season can make or break your cash reserves, especially for auto shop owners juggling finances. In this episode of Business by the Numbers, Hunt Demarest, CPA, breaks down the art of cash management for small businesses. Learn actionable strategies to protect your reserves and avoid the pitfalls of cashflow mismanagement.Understanding what "cash reserves" truly mean for your business.Setting the ideal reserve amount: three to six months of operating expenses.The dangers of draining your business for personal finances and how to avoid it.Why keeping too much cash in the business might not be as safe as you think.Strategies to pay down debt responsibly without creating a cash crunch.Thanks to our partners, NAPA TRACS and PromotiveDid you know that NAPA TRACS has onsite training plus six days a week support?It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's y