Make sure you pay for things that are going to help revenue. Too many people look at things as expenses andt as investments. Having a super effective marketing is an investment, not an expense. Be firm in your policies, ah, about how people are going to pay you. And be fair and flexible to people who have earned your trust.
One of the common killers of inexperienced entrepreneurs is not knowing how to manage your cash flow. In this episode, Andy Frisella talks through the typical mistakes that he himself has made and the lessons he's learned from doing business for almost two decades. From not paying your invoices before they are due to finding innovative ways to generate cash, The MFCEO's advice will help any entrepreneur and any business avoid a cash flow crisis.