Cash is King!
The economic downturn that we have faced over eighteen plus months has truly been a litmus test for all. And when I say all, I truly mean ALL. From the most obvious, businesses, to marriages, people, organizations, relationships, attributes have all been tested, for better and for worse. And as they say, you can tell and learn a lot about a person from how they act and react when faced with adversity. And since a lot of us in this great area are in business, it’s times like these when business men are put to the test. My business partner and close friend, Martin Porter, frequently brings up scalability. This is a term that is often times overlooked, and when our economy, and financial systems take a hit like they have during our economies latest recession, it is not only crucial, but vital. And while scalability is something that needs to be of focus and practiced no matter what the times are like, there is no better time to start when things are ghastly. At a time when money is just not available, businesses have had to reflect upon themselves as to what there normal course of business is, and discover alternative avenues of cash flow, while keeping expenses relatively flat. This can be a daunting task for some, but for those that can think outside of the box, this can be the difference between closing your doors and keeping them open. As any business man knows, cash is king, and at a time when cash flow is evasive scalability is a necessity.
full disclosure: please email me your thoughts and/or opinions at btomich@flvllc.com
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