CFO Talk: The Sad Truth About ‘Expert’ Cash Flow Advice with David Safeer
David Safeer from Cash is Clear! shares some great tips on cash flow management and business leadership in this episode of CFO TALK.
Tune in for a refreshing perspective on cash flow management that challenges conventional wisdom and offers actionable advice for both small and large businesses.
Here are three of the many takeaways from our discussion:
- Understanding the Disconnect: Many profitable businesses still face bankruptcy because they run out of cash. David highlights the disconnect between accounting practices and real-life cash flow, emphasizing the importance of monitoring actual cash in and out.
- Go Beyond Traditional Advice: Conventional cash flow strategies often address symptoms rather than root causes. David stresses the need for a holistic approach to find long-term solutions rather than quick fixes that might create more problems.
- Empower Your Entire Team: Effective cash flow management isn’t just an accounting issue. It involves operations, sales, marketing, and purchasing. Make cash flow a collective effort by mentoring your team to understand their impact on it.
Ready to rethink your cash flow strategy? Check out the full episode for some unconventional yet crucial insights.
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