Manage episode 225017237 series 1923829
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.
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
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.
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