Businesses exist to produce profits. More importantly, businesses exist to generate cash flow. Without cash flow, businesses fail. When businesses fail, people lose their jobs and the company obviously has no ability to create new jobs. I’m not sure why more leaders don’t communicate and teach the importance of cash flow.
A few weeks ago a friend and advisor of mine, Mark Gandy of G3CFO, asked me 5 questions on open book management. The interview can be found here. This has always been an area of business that has really intrigued me. After completely opening up our books nearly five years ago, I thought I would […]