Why Cash is Queen Class

CLASS 4 OVERVIEW

One of the biggest myths in business is that a profitable business can’t go bankrupt.

The problem with profit is it doesn’t always equal cash. Confusing, right?

Profit is really a promise; cash is the commitment. It’s only once a business has received payment that the cash is actually accounted for.

In this class, we look at the Cash Conversion Cycle, and how to turn that profit into cash.

You’ll learn:

• Why profitable companies go bankrupt: a look at why profit is not the same as cash
• Why cash gets “trapped” and how to unlock it:
• The cash impact of extending payment terms
• The cash impact of inventory
• The cash impact of buying goods and services on credit
• Understanding a company’s cash flow
• Identifying early warning signs in a company’s cash flow
• Strategies to improving a company’s cash flow

What level of skill do I need?

The program is suited to new and seasoned entrepreneurs. The program is designed to help you understand the concepts and how to apply them to your business. The goal isn’t to turn you into a banker or an accountant and you do not need a background in accounting, finance, or be strong in math to succeed. You’ll see why once we get going!