In the previous episode of Fish Food, we discussed how important it is for your business to manage and account for cash flow. There will always be peaks and valleys in the seasons of running your small business, which is why in today’s episode, I want to share how you can establish a financial safety net through having business cash on hand and emergency funds.
In the previous episode of Fish Food, we discussed how important it is for your business to manage and account for cash flow. There will always be peaks and valleys in the seasons of running your small business, which is why in today’s episode, I want to share how you can establish a financial safety net through having business cash on hand and emergency funds.
I share ways in which you can build a reserve of money available for your business so you can handle current operating needs while preparing a cushion for business dips and pauses. From the accounts you need to establish to keep track of your cash flow to setting appropriate emergency fund goals, this episode is a must for all business owners, no matter where you are on your journey.
Looking for tips, insights, and support with all your accounting needs? Then head over to Fish Food Resource Hub! If you're ready to outsource your Accounting and/or Tax prep needs then contact us at podcasts@littlefishaccounting.com
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