Financially Simple

In episode 328 of Financially Simple, Justin looks at the cashflow state of Businesses in the wake of COVID-19. 2020 was a year that tested many businesses and their ability to weather a financial storm - and many were not adequately prepared. In this episode, Justin explains why cash reserves are important as a means to cover yourself and your business in times of stress, and in the wake of COVID-19. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 00:45 - How Much Cash is Necessary in a COVID World? 01:23 - Are Business Owners Poor Money Managers? 03:46 - Two Main Reasons Why 07:36 - The Reality 08:54 - How Much Cash Do We Need? 12:16 - What About the Alternatives? 13:13 - Cash is Freedom 14:41 - Summary   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter Ask Justin a Question NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling You