Cash Required

Cash Required

Pivot In Place

18/05/2020 12:00PM

Episode Synopsis "Cash Required"

This is the final episode of my 3-part series on the foundations for a pivot - Customer, Culture & Cash. This show talks about cash, it's importance, and more importantly it's relationship with time.When you are contemplating a pivot, you must understand not only the amount of cash that you have and what the pivot will require, but also the time relationship of burning and making cash. Having it in the bank is nice, but do you truly understand how much you have to work with? Have you promised that cash to your vendors or as wages to your employees? Do you expect to get more cash from your customers in the form of Accounts Receivable? And lets not forget tax liabilities!

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