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


Resources


More from Martin


More from Khalil


More from The Cashflow Contractor

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140 - Retaining Talent

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138 - Keeping An Eye Out For Financial Indicators