139 - How To Deploy Capital
Are you using your extra cash from PPP, EIDL, and ERC extra tax credits correctly and wisely? As business owners we are visionaries and sometimes capital is the restraint. Listen to today's episode to understand if your capital is truly capital and how you should address this money in your business. Start listening right now!
Show Notes
02:33 - What’s The Point Of Deploying Capital?
04:49 - Making Sure It's Capital
07:51 - You Have The Capital, But What Now?
09:12 - Avoiding Snap Decisions
10:52 - What Is Working Capital?
12:23 - Determining Your Capital
15:44 - Borrowing Hesitations
17:59 - Prioritize The Plan Not Your Feelings
20:26 - The Value Of Cash Reserves
Quotable Moments
“Having an unexpected big cash balance can be a really dangerous thing.” - Martin
“Just because you have a big receivable, doesn’t mean it’s capital.” - Khalil
“Working capital is a difference between your current assets and your current liabilities.” - Martin
“Plans are worthless. Planning Is Everything.” - Martin
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