Profits are an illusion created by accountants.
You can’t grow your way out of a flawed business model.
Cash is King, Queen, Master of the Universe, and Emperor for Life.
These are mantras I’ve been telling entrepreneurs for years. Nothing matters more to the life of a business than its cashflow, which is why a good cash forecast is so important to a growing venture. Derek Baker at Cashboard offers his five reasons cash forecasts are inaccurate. Great post, via CJ Cornell’s newsletter.