CASH MANAGEMENT
Make sure you always have enough cash in the bank… The next two months we’re taking a deep dive into cash management to make sure you always have enough cash in the bank. We’ll be looking at gross and net burn rates, your cash runway, analysing your receivables, strategies to get paid and associated performance indicators for you to monitor. Recently, I was hired by a tech non-profit with a brilliant product and yet serious financial issues. An anxiety was manifest in my first board meeting. After exchanging introductions, the chairman voiced his primary concern: “What’s our cash flow...
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