Short advice from Mark Simpson (YouTube #shorts, Aug 8, 2023) recommending 'grow wisely' and prioritize a robust business model and very healthy cash flow so a company can survive shocks such as cash crunches or bank failures. The speaker emphasizes prudence in growth and financial resilience.
That's what I learned with all my meeting in the C suite in my profession before str. And that's it really. Just grow wisely if you want to grow. But make sure whatever you do is, let's say, sound. Because you need to make sure that something is robust enough to withstand, like, cash crunches, banks falling over like last week. And so you need to make sure that you have a proper model and ideally a very, very healthy cash flow. Because if you have a healthy cash flow, then you can survive many things. To be honest.
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