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Last Update: Thursday December 14, 2017

How do I manage cash flow?

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Recruit Your Family

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Wally Snyder, Laurie's husband, loves being with their children so he took over the moment-by-moment parenting duties yet he is also responsible for the physical plant of the company. More...

Pre-Sell A New Product

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When your idea is simple, people can buy it.

Keep Cash In The Business

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Eddie and Darlene didn't take a salary from their baby business until it was strong enough to stand on its own two feet.

Collect Early

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Customers will bankroll your manufacturing costs. Glenn proves this as he collects 40-45% of the cost of a machine before he begins to build it.

Tighten Your Belt

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Bill Sugars and Pat Elmquest convinced their wives that getting the $2 million dollar loan would result in an improvement in their net worth long term.

Face The Facts

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Janet Milly, CFO at Theatrical Lighting, is responsible for the banking relationships and cash flow.  Key indicators reports also known as flash reports, are required by everyone.  More...

Anticipate Poor Cashflow

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Running a business requires good planning, realistic expectations and preparing for the worst.

Collect Up Front

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Ping clubs are sold through golf professionals who measure their customers, generate the order and collect the full amount at the time the order is placed.

Pay Attention to the Numbers

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Vicky continues her discussion about analyzing one's financials and the need to be constantly trimming costs.  In another episode, Nancy Goshow, an architect managing multi-million dollar projects, understands that the numbers don't lie.

Do A Lot With A Little

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In 1940, operating out of a single pharmacy in Havana, Cuba, Jose Navarro, Sr. taught his sons the true meaning of customer service. People don't get sick just during banker's hours, and Navarro worked long into the night to ensure that his customers' prescriptions were filled promptly.  More...