In this episode of Emerge Dynamics, David and Eric delve into the critical financial challenges faced by small and lower middle market businesses. They highlight the importance of effective cash flow management and the risks of overleveraging. Drawing insights from the Harvard Business Review article “A Small Business Is Not a Little Big Business,” they discuss concepts such as resource poverty and liquidity needs. Offering practical advice, they emphasize the significance of planning, measuring, and predicting cash flows, while also advocating for the use of outside financial expertise to help navigate these complexities. Tune in for a deep dive into strategies that can help small business owners optimize their financial health and ensure sustainable growth.
Reference Link: http://www.alcocks.co.za/downloads/Appendix%20B_Harvard%20small%20biz%20article.pdf
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2 comments on “Episode 74: Mastering Cash Flow and Financial Planning for Small Businesses”
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Here is the reference link: http://www.alcocks.co.za/downloads/Appendix%20B_Harvard%20small%20biz%20article.pdf
Very Useful information David & Eric. I am remembering a famous quote by Richard Branson – “A big business starts small.”