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Understanding money is crucial to manage and accumulate money.
Do you understand the difference between credit and cash? Or the difference between profit, revenue and cash?
Will you understand if your accountant says that your business is profitable but the cash is low?
Or will you wait until things get so bad that you start scrambling for money?
How often have you seen businesses that grow aggressively start laying off employees because of cash flow problems? Or unable to get investors in new rounds because business is burning cash without understanding money?
I think every entrepreneur should watch this video and pick a few books on the topic later. If you need book recommendations just reply to the thread.
And btw, Ray Dalio who made this video is worth $15 billion, so pay attention
Regards
Adam
Do you understand the difference between credit and cash? Or the difference between profit, revenue and cash?
Will you understand if your accountant says that your business is profitable but the cash is low?
Or will you wait until things get so bad that you start scrambling for money?
How often have you seen businesses that grow aggressively start laying off employees because of cash flow problems? Or unable to get investors in new rounds because business is burning cash without understanding money?
I think every entrepreneur should watch this video and pick a few books on the topic later. If you need book recommendations just reply to the thread.
And btw, Ray Dalio who made this video is worth $15 billion, so pay attention
Regards
Adam
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