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Cash is King

On this episode of the Inspiring Great Leaders Podcast, Craig Johns speaks with Peter Kingma about Cash is King, why you should build your business around a cash culture and not a profit-and-loss culture, and what to consider to ensure effective cash flow management.

We also dive deeper into management of liquidity and cash, his role as Americas EY-Parthenon Working Capital Leader at Ernst & Young and how establishing a Cash Leadership Office helps ensure a healthy bottom line.

Peter Kingma  – Cash is King

Peter Kingma is an advisor and strategist at EY-Pantheon, and the Author of the best selling book, Cash is King.

He works across a variety of sectors such as automotive, aerospace, defence, healthcare, retail and consumer products. He advises business leaders on how to optimise the management of cash. With a Bachelor of Science in Economics from Purdue University, his career has included Principle at EL Consultancy Group and is currently the Americas EY-Parthenon Working Capital Leader at Ernst & Young.

Peter talks about:

• The beauty of architecture


• Being a leader and a follower at the same time


• Recession, depression, and economic uncertainty


• Companies making smart decisions around their cash flow


• Management of liquidity and cash


• Reducing and minimising overwhelm for you and the people inside the organization


• Cash culture versus a profit-and-loss culture


• Understanding the demand and the demand curve


• Shifting the way people think in regards to customer relationships or sales management


• What is sunsetting


• Navigating difficult conversations


• Ensuring we still have a healthy cash flow when supply chains are being put under the pump


• Creating a culture around how can we be more cash flow efficient or and effective


• Key macro things that companies need to look at to check how effective they are from cash flow management


• Cash is King

Tweets

“I think we as business people get so focused just on revenue and perhaps even on profitability, and we forget the fundamentals of cash and, you know, that’s what really keeps everything going is cash.” Cash is king with Peter Kingma on the Inspiring Great Leaders Podcast.

“We’ve got to understand who has the decision rights and help them understand their impact on it.” Peter Kingma talks about cash culture versus a profit and loss culture on the Inspiring Great Leaders Podcast.

“Maintain liquidity and capital, because the one thing that is certain about business is that it is uncertain” Peter Kingma talks about uncertainty in business on the Inspiring Great Leaders Podcast.

Resources Mentioned in this show:

Peter Kingma https://peterkingma.com/
Peter Kingma LinkedIn
Craig Johns www.craigjohns.com.au
Craig Johns craig@nrg2perform.com
Craig Johns LinkedIn
Craig Johns Facebook
Inspiring Great Leaders Podcast
NRG2Perform www.nrg2perform.com

Book Cash is King