Episode 039:
How To Build Reserves In Your Business
Is there such a thing as a stress-free business?
I don’t know that any business will ever be 100% stress free.
But you can minimize the stress you experience, by taking one small, but important action every single month – building up your cash reserve.
When you compare it to the alternative, living hand to mouth, it’s really no contest.
In this week’s podcast episode I discuss:
- What a business reserve is, and why it matters
- How much cash you should be holding in your business
- What to do right now if your reserves are zero (or near to zero).
Useful links:
Book in for a one-off call with Jessica to discuss your business’ financial situation
Profit First by Mike Michalowicz