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Life Happens – The Importance of Cash Flow in Keeping Your Business Running through Troubled Times

Life Happens – The Importance of Cash Flow in Keeping Your Business Running through Troubled Times

We’ve all had it – those times when ‘Life’ gets in the way of running your business. Yet, paradoxically, it’s often in these times when your business seems to need you the most. So, how to you ensure you can focus on things outside the business and keep the company...
“If I had to run a company on three measures, those measures would be customer satisfaction, employee satisfaction, and cash flow.” – Jack Welch

“If I had to run a company on three measures, those measures would be customer satisfaction, employee satisfaction, and cash flow.” – Jack Welch

A great comment by the legendary Jack Welch. I think few business owners would disagree with the measures of customer and employee satisfaction, but many might question seeing cash flow, as opposed to profit, as the third measure. But a profitable company can still be...
“No person will make a great business who wants to do it all himself or get all the credit.” – Andrew Carnegie

“No person will make a great business who wants to do it all himself or get all the credit.” – Andrew Carnegie

I’ve written before about the importance of delegating and accountability, but Andrew Carnegie really sums it up with his quote about the need to not try to do it all, nor take all the credit. Carnegie came from poverty in Scotland, moved to America as a young boy...