With small banks, there's lif can develop a relationship like i'm talking about. They don't want to grow the line when you don't need it. So they hire non ensential employees too soon, and essential employees too late. You have to look at them as an investment in your business. And if those people are going to get 60 hours a day doing eight to ten of work a day until you add people in? That's not enough. I'll say well, when we get three more people, we're not going to get a hundregram without adding three more people. Customers aren't just customers; they're also potential investors. We should be looking out for
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.