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Cash Is King

Thursday, 5 May 2011

I regularly mentor prestart-ups. Inevitably they roll in with a business idea that has negative cash flow (most expenses need to be paid before the customer pays).

When I point this out and explain that combining this with strong growth will lead to substantial cash flow short falls – they comment that “I’m lucky” in MiniMovers, as my cash flow is positive. Customers pay (electronically) upon completion; we have the cash in the bank before we pay our people (our biggest expense) later that week.

“Luck” is a funny beast – I rejected many business ideas before finding my MiniMovers with its positive cash flow.

MikeO

Join Mike in his Upcoming Speaking Events this May 2011!

Wednesday, 11 May –
Sunshine Coast Business Networking Group’s Workshop Series:
“How I Built My Business From Nothing”

Click here to RSVP

Thursday, 12 May –
Employment Services Queensland’s Workshop:
“How To Get That Job”
PH: 07 3324 5300

Wednesday. 18 May –
Wealthy Frog Event
“Who Wants To Be An Entrepreneur?”

Click here to Register

Wednesday, 25 May –
Westside Business Women Inc.’s
“Breakfast Networking Meeting”

More Speaking Events will be posted soon…

Need an engaging speaker at your next event?
Book Mike O’Hagan to Speak

If you are planning a conference or event and would like to have a proven successful small business expert address your audience, then Mike O’Hagan is your best choice. Mike will have your audience engaged! Audiences receive ‘opening night’ like performances. Sitting in his audience will be like drinking from a fire hose you’ll have that many ideas to put in place.

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