Page 109 - The Magic of Tiny Business
P. 109
Part III Practice Your “How”
If you feel like this . . .
“
. . . you need cash and a strong financial
structure and network or else you’ll fail.
”
which is why it’s important to work with an accountant or
have conversations with others in businesses like yours.
The ideal cash flow position is having enough cash to:
® Do what you need to do.
® Allocate a percentage to what you want to do.
® Have a safety reserve left over for just in case.2
Cash on hand is where the rubber meets the road. My
initial experience was with bootstrapping, using my own
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