In this episode of “From Grit to Growth,” we’re back with our thoughts on cash.
Mark shares a story about a founder who wanted $1 million for desks and “probably a CTO” and a few other things. Mark’s response: “If I gave you that $1 million today, how would your business look different in a year?” What followed was an eye-opening discussion that left the founder with a totally different understanding of the role of cash.
Very few founders and CEOs have a proper understanding of the financials of their business. They know they have money in the company checking account, so things must be okay. Or they know they’re selling products, so they assume the cash flow is positive.
As business leaders and investors, Mark and Jennifer share why the balance sheet is king, the two numbers every CEO knows (and why those numbers could be lying to you), and which numbers you need to know to truly understand the health of your business.
Key Topics
- The two numbers every CEO knows: Why revenue and ROAS don’t tell the whole story
- The most important financial statements: Balance sheet is king, followed by an income sheet
- Why your cash flow could be eroding beneath a positive veneer: And how to know the real story
Connect with us:
- Jennifer DiMotta on LinkedIn
- Mark Hasebroock on LinkedIn
About Dundee Growth Partners
Dundee Growth Partners provides E-commerce leaders with the strategy, systems, and tools they need to face growth challenges and scale with confidence. With deep industry experience and AI-powered platforms, we help leadership teams scale in a sustainable way. Interested in learning more? Click the link below to get started.
- Visit the Dundee Growth Partners website