How Much Cash Should My Business Hold?

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In episode 121 of Financially Simple, Justin advises on how much cash a Business should have on hand.

Money in the bank is always good to have, whether it’s to see you or your Business through hard times. Justin goes over a simple strategy for having enough for yourself as well as for your Business - just in case of unforeseen circumstances; as well as when it’s not good to have too much cash assets.

TIME INDEX:

00:28 - How Much Cash Should My Business Hold?

01:28 - The Four Account Method

03:26 - Personal Accounts

05:53 - Business Accounts

08:53 - Cyclical Businesses

10:35 - Focus on the CFO

11:02 - Money in the Bank

12:09 - Summary

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DISCLAIMER:

Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.

148 episodes available. A new episode about every 3 days averaging 17 mins duration .