- Where will your cash be in 30 days, in 60 days?
- Your business needs a process to help monitor your cash projection on a weekly basis and into a future window (8-12 weeks) to monitor cash flow and be proactive before you are out of cash
- Do you have an emergency fund set aside for unexpected events?
- Do you have 2-3 months of expenses set aside in a money market or cash account?
- 80/20 rule – What is your revenue made up of? Are you to reliant on one source/customer for revenue?
- What are your GM% on your product/service?
- Do you know the difference between mark up and gross margin when setting selling price?
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