1min snip

My First Million cover image

Andrew Wilkinson's $20,000 to $260,000,000 story

My First Million

NOTE

How to Manage Company Expenses and Cash Flow

You sweep expenses out of the company and pay them directly, which makes you more conscious of your spending. This forces you to be lean and question unnecessary expenses. However, it doesn't limit growth because you can reinvest the saved money back into the company. It's like eating off a smaller plate to eat less. The challenge is determining the right amount of cash to keep in the bank.

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