Paying a Head, You Know?

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"I never wanted to have any debt. I never wanted to pay anything," he says. "You've just got to be responsible human with your cash." He adds that having a supercautious mind sad about your terms and your business partners can severely limit your ability to do things, like paying two or three salespeople er for a month. And it's always something that you need to like, really sit down with somebody who knows what the fuck they're doing.

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.