Financially Simple

In episode seven of Financially Simple, Justin looks at the factors affecting a Business's Sustainability. A sustainable business will flourish in times of plenty, and survive through times of hardship. Justin talks about some reasons businesses fail including the main reason for business failure. He covers the strategies business owners can take to build up a cash reserve to be sure that they can weather slumps and be attractive to future buyers. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  ARTICLE TRANSCRIPT:  BLOG: How Much of a Cash Reserve Does My Business Need?   TIME INDEX: 00:43 – Business Survival 01:59 - Squirrels and Acorns 03:19 - What Is Business Sustainability? 03:48 - Why Businesses Fail 07:05 - #1 Reason for Business Failure 07:23 - How Much is Enough? 08:00 - How Long Does it Take to Become Sustainable? 10:25 - Ways to Raise Funds 13:18 - How to Maintain Sustainability For more in-depth reading about this podcast series, pick up a co