When You Pivot, Remember Cash Flow

Posted by CFOWISE under Strategy
From http://cfowise.com 4804 days ago

Cash is king! So every time you make a business model change, or pivot, it should include some way to accelerate your cash flow and working capital cycle. Otherwise, it probably isn't a good pivot for your business.

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Comments

Written by James John
4804 days ago

Good point about cash flow and it's funny this is a challenge every business owner seems to face in the beginning...me included. :) Of course, cash flow should always be top of mind, but I think a lot of business owners are working hard at creating value and while doing this and trying to introduce new products or services don't think nearly enough about how they will convert this to cash flow until later in the game.

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