Jun 26, 2020
Gold Nuggets in this Episode:
Businesses need to understand where they're going, understand
their numbers, keep an eye on things, and get help from pros like
you guys, that is how you can thrive long-term and how you can make
decisions that make sense.
Growth is one of the most dangerous times for a business,
extreme growth, especially, because you have to have capital there.
You have to be able to build. You have to be able to grow, and it
can be honestly out of control, and businesses can run out of cash
70% of businesses, well over half, that fail were profitable
when they went out of business.
Every business needs to know the length of its runway - the
amount of time until they run out of cash.
When it comes to cash flow knowing is always better than not
knowing because not knowing is not going to save your
Our guest is Blaine Bertsch, the co-founder and CEO of Dryrun,
which is a cash flow management software, he’s also the author of
the book, The Pandemic Cash Flow, a book designed to help people
understand the concept of cash flow, but, more importantly, perhaps
how to avoid the pitfalls and the challenges of managing cash
Adam Vitovsky / CC BY