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Your Best Year Could Be Your Most Dangerous Year
Your best year in business might also be your most dangerous.
Revenue is up. Sales are strong. The backlog is full. You're hiring, buying equipment and taking on bigger customers.
So why is there less cash in the bank?
In this episode of Weeks Weekly with Ed Weeks Jr., Ed breaks down one of the most misunderstood problems in a growing business - growth consumes cash before it produces cash.
Using the example of a $5 million business growing toward $6 million, Ed explains how payroll, equipment, materials, receivables and customer payment terms can create a working-capital squeeze even while…
The skinny
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