Safeguarding Your Business: The Right Bank Balance

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The Profit Plot

Amarlo

17 episodes

9 months ago

Welcome to the Profit Plot, the show where we unpack and simplify one complex financial topic at a time. This show, hosted by Jeremy Millar, helps service-based business owners and entrepreneurs unlock the story behind their profitable businesses.

All content for The Profit Plot is the property of Amarlo and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Entrepreneurship

Business,

Management

Safeguarding Your Business: The Right Bank Balance

The Profit Plot

9 minutes

2 years ago

Safeguarding Your Business: The Right Bank Balance

How much money should stay in your business bank account? Creating a financial safety net is essential for small business owners. Keeping enough in the bank can allow your business to weather any storm.

In this episode of The Profit Plot, Jeremy Millar explores the importance of emergency funds and strategic budgeting for businesses. We'll look at how to determine the right amount of cash to keep on hand for covering operating expenses and seizing growth opportunities. Drawing from recent studies and real-world insights, Jeremy emphasizes the value of disciplined planning and understanding your financial landscape.

🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

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