Too many people out there right now, too many of you guys listening, think they're going to come up with a product or a service or something that sort of like, tricks people into buying it. You have to learn to see the ten thousand foot view of what's going on within your company so that you can make adjustments as you go. Find someone that you could talk to on a regular basis, that can help direct you, like a mentor, on how to scale your business properly. The first thing people do when they get a little bit of money coming is they like pay themselves first.
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.