Cash is King – Managing Cash Flow for the Long Game

Key Takeaways:

1. Manage cash flow wisely: Keep enough cash reserves to handle tough economic times and keep your business running smoothly.
2. Think long term: Focus on investments and projects that match your purpose, even if they don’t bring quick profits—like Exxon’s approach.
3. Watch free cash flow, not just profits: Free cash flow is a better sign of financial health than profit margins alone.
4. Use assets creatively: Find ways to make your existing assets work harder, like using property equity for higher-return investments.
5. Adopt AI to improve efficiency: Use artificial intelligence to boost productivity and tackle problems such as labor shortages.

Chapters:

Timestamp Summary

0:00 Cash Flow Strategies for Long-Term Business Success

2:39 Why Free Cash Flow Outweighs Earnings for Business Success

4:10 Building Foundations for Long-Term Business Success

4:37 Exploring Investment Strategies and Borrowing Against Real Estate Equity

6:18 Creative Strategies for Leveraging Assets and Building Cash

7:26 Thoughtful Investment in Technology and AI for Business Growth

9:08 AI’s Impact on Accounting and Addressing CPA Shortages

10:55 Investment Risks and the Importance of Financial Consultation

 

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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.