How Much Cash Does Your Business Need On Hand?
Episode Notes
Hey everybody. This is Gene Marks. And welcome to this week's episode of The Hartford Small Biz Ahead. Today I wanna talk about cash, just for a few minutes. The question I want to answer is a question that I get from a lot of my clients. A lot of my readers, a lot of people in the small business community is exactly "how much cash should you actually have in the bank?" How much cash do you have available? Like what, what's the right number?" I mean, if you ask any small business owner, we'll tell you that having plenty of cash in the bank is probably the most important indicator of our financial health, but unfortunately managing cash flow, that continues to be one of the biggest issues we face. Almost two thirds of small business owners are regularly stressed or have anxiety to cash flow concerns.
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