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Safeguarding Your Business: The Right Bank Balance
Manage episode 374852694 series 3482143
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How much money should stay in your business bank account? Creating a financial safety net is essential for small business owners. Keeping enough in the bank can allow your business to weather any storm.
In this episode of The Profit Plot, Jeremy Millar explores the importance of emergency funds and strategic budgeting for businesses. We'll look at how to determine the right amount of cash to keep on hand for covering operating expenses and seizing growth opportunities. Drawing from recent studies and real-world insights, Jeremy emphasizes the value of disciplined planning and understanding your financial landscape.
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