Liquidity vs. Profitability; Building Cash Reserves; Unlocking Credit Lines; Business Oversights Checklist; Tightening Financial Leaks; Crafting Your Vision; 10-Year Plan
Description
Glitch #257 (Sept 13th):
Category: Bookkeeping
Focuses on understanding business liquidity and how it’s often overlooked in favor of profitability. Liquidity ensures that a business can meet short-term financial obligations and seize opportunities.
Glitch #258 (Sept 14th):
Category:** Bookkeeping, Business Operations
Discusses the importance of cash reserves for emergencies. It ties into cash flow and liquidity from previous Glitches and emphasizes planning for unforeseen events.
Glitch #259 (Sept 15th):
Category: Credit Score, Financing
Summary: Highlights the need for a business line of credit to ensure flexibility and quick access to funds for emergencies, growth, or seasonal needs.
Glitch #260 (Sept 16th):
Category: Business Operations, Business Structure
Summary: Introduces the **Beacon Guide: Oversights and Preparedness**, a downloadable checklist that covers daily, weekly, monthly, and annual business tasks to help prevent oversights.
Glitch #261 (Sept 17th):
Category: Bookkeeping, Business Operations
Summary: Encourages businesses to review where they may be losing money due to inefficiencies, poor budgeting, or mismanagement, particularly with cash flow.
Glitch #262 (Sept 18th):
Category: Mindset
Summary: Discusses the power of visualizing success in a simple, clear manner. Encourages business owners to express their success vision concisely, using past achievements and future goals to inspire confidence.
Glitch #263 (Sept 19th):
Category: Mindset
Summary: Focuses on the importance of long-term planning for business success. Encourages business owners to break down their 10-year vision into manageable time frames and adapt to changes along the way.
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