Oct 9, 2019
Accountants can play a very important role in assisting clients to source one of the key components of the life-cycle of a business – “cash”!
In “Scaling Up” Verne Harnish identified that “having plenty of cash to weather the storms” was one of the four lifecycles of a business.
As businesses grow, they normally require more money.
As your clients’ businesses grow it is desirable that some forward planning is undertaken to get an appreciation of the amount of cash that is going to be required over the next 2 - 3 years to fund the growth in the client’s business.