Short YouTube talk advising business owners to improve cash flow not only by increasing revenue/yields but by increasing efficiency and plugging "cash flow leaks." Speaker recommends building a large cash position now, reviewing every business line item to find unnoticed leaks (example: overlapping insurance).
People think cash flow is just chasing yields and making money. But cash flow is also increasing efficiency. So right now is a great time to build up capital, to build up cash, have a very large cash position, and find other ways to increase your cash position. So what we're looking at in our businesses, I call them cash flow leaks. There's a lot of cash flow leaks. So review everything in your business. Look at every single line item. There might be a ton of different areas where there's a cash flow leak that you have that you're not even aware of. Overlapping insurance, for example, that could be one of them.
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