Today, Shannon dives into the common issue many business owners face: cash flow crunch. Shannon addresses the urge to immediately seek investors and raise capital, highlighting the rigorous process involved and the long-term commitments that come with it. Instead, she offers alternative solutions to generate cash flow, such as taking on debt or entering into strategic partnerships. Join us as Shannon shares her insights on finding temporary solutions for temporary problems and encourages listeners to explore creative options before committing to raising capital.

 

What you'll hear in this episode:

[00:50] Business owners struggle with cash flow, seeking investors.

[03:42] Hiring can improve capacity and increase sales.

[08:28] Avoid unnecessary commitment to investors if unready. Explore alternatives for temporary cash problems. Adapt to an unpredictable entrepreneurship climate.

 

If you like this episode, check out:

Don't Leave These Terms Out of Your Contracts

Asset vs. Expense: Understanding the Difference

Protecting Your Legacy Through Estate Planning with Clara Delgado Rossell

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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.