Entrepreneurship 101 (GOOD POST-LOCKDOWN ADVISE): Don’t dwell too much on long-term growth, keeping the water out of your ship should be your chief focus. There’s simply too much uncertainty to be able to focus on long term results. And hello! Unless you are Amazon or Google, the name of the game is survival. We all just became survivalist entrepreneurs. Keep a leash on your accounts receivables, be fanatical about converting idle assets and inventory (stock) into cash – anything to keep you in business. What is driving your business isn’t revenue or profit. It’s cash. Better to have thin margins than run out of cash. A cash strapped business lives a few doors away from bankruptcy.
August 12, 2021 at 6:10 pm
Minimum expecations rules
August 12, 2021 at 6:10 pm
Juan, indeed. My walk around town points to that!
August 12, 2021 at 6:11 pm
Thank you
August 12, 2021 at 6:11 pm
Now when the business gurus speak , the rest of us need to listen! Forewarned…!
August 12, 2021 at 6:11 pm
Thank you.
August 12, 2021 at 6:11 pm
What a philosopher you are my goodman