One issue that seems to be coming up a lot lately for cannabis business owners is cash flow, and for good reason. If your business runs out of cash, and cannot borrow from somebody or get more investment capital, then it’s probably about to fail.
For your cannabis business to be as healthy and prosperous as possible, you need to keep an eye on profit, but also on cash flow. So this week Chip hones in on cash flow and talks about four reasons why cash flow is so important.
And even if profit is looking healthy it doesn’t mean you'll have positive cash flow to support growth, so Chip will also give you five tips on how to accelerate and create positive cash flow.
Plus, we'll have our "News of The Day" segment.
Want to learn more about anything discussed in this week's episode? Send an e-mail to firstname.lastname@example.org and let's discuss!
What to listen to next:
Episode 06 - What To Do When a Potential Investor Wants to Write You a Check
Episode 15 - How to Build a Successful Dispensary with Christy and Haley from Haus of Jayne
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Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.