How closely are you tracking cash flow?
How is your cash flow? Joe Knight joins Jim Blasingame to talk about tracking cash flow by creating a 12 month projection in an electronic spreadsheet so you know when you will need to increase cash from any source during the year.
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Joe Knight joins Jim Blasingame to report on his activity as an angel investor, how he goes about finding opportunities and how he holds his companies accountable.
Joe Knight joins Jim Blasingame to reveal that every business must manage their financial progress with key performance indicators (KPI), like cash burn rate, gross profit margins, and many others which differ by industry.
Joe Knight joins Jim Blasingame to reveal what a key performance indicator is, and give examples of different ones based on what kind of business you have.
Joe Knight joins Jim Blasingame to talk about why the Shark Tank reality TV show is not a good representation of how startups really get funding.
Joe Knight joins Jim Blasingame to reveal that many entrepreneurs get so wound up in seeking investor funding for their idea, that they forget that a customer sale of their product is the most important form of capital acquisition.