What Should You Do With Extra Business Cash? Follow This Order
What should you do when your business suddenly has extra cash? Save it, pay down debt, invest it, or reinvest it into your business?
In this episode of the Know Your Numbers podcast, Chris McCormack shares a practical framework for deciding how to use extra cash without putting your business or financial future at risk.
Learn why building 3–6 months of operating reserves, setting aside money for taxes, paying down high-interest debt, and taking advantage of tax-advantaged accounts should be priorities before pursuing outside investments.
Chris also explains when reinvesting in your business…
The skinny
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