In this episode of The Reaching Max Potential Podcast, we explore the strategies for building a financially resilient business. Learn how to maintain robust cash flow, diversify revenue streams, manage costs, leverage technology, and implement strong financial governance. Discover practical tips for effective risk management and the importance of fostering a culture of financial awareness. Perfect for entrepreneurs aiming for long-term success, this episode provides insights to fortify your business against financial shocks and ensure sustainable growth. Tune in to enhance your financial resilience and achieve high performance.REFERENCESBhamra, R., Dani, S., & Burnard, K. (2011). Resilience: The concept, a literature review and future directions. International Journal of Production Research, 49(18), 5375-5393. https://doi.org/10.1108/01409171111127767Hopkin, P. (2018). Fundamentals of Risk Management: Understanding, Evaluating and Implementing Effective Risk Management. Kogan Page Publishers. https://doi.org/10.1002/9781119206911Kaplan, R. S., & Atkinson, A. A. (1998). Advanced Management Accounting. Pearson Education. https://doi.org/10.1002/9781119206911Markowitz, H. (1952). Portfolio Selection. The Journal of Finance, 7(1), 77-91. https://doi.org/10.1111/j.1540-6261.1952.tb01525.xNash, K. S. (2018). Best Accounting Software for Small Business 2018. Business News Daily. https://www.businessnewsdaily.com/7543-best-accounting-software.htmlPenman, S. H. (2012). Financial Statement Analysis and Security Valuation. McGraw-Hill Education. https://doi.org/10.1086/679451Peavler, R. (2020). How to Manage Cash Flow in Small Business. The Balance Small Business. https://www.thebalancesmb.com/managing-cash-flow-2948521PwC. (2020). Cybersecurity and privacy. PwC. https://www.pwc.com/gx/en/services/consulting/cybersecurity.html Hosted on Acast. See acast.com/privacy for more information.

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