December 16, 2022
Members Only

Even More Focus on Cash Flow When Economy Turns

The first thing many operators, CEOs, and CFOs, do when they turn on their computers is to check their cash flow. How much money is in the bank, how much came in overnight, how much is in accounts receivable, etc.

At some point, the CEO might start trusting their CFO to handle it for them, but my guess is they’re always aware of the money situation. And the reason is simple. There are only two main ways a business shuts down: the team gives up, or money runs out.

Ben Clymer is founder and CEO of Hodinkee, a media and commerce company dedicated to the luxury watch market. What started as a personal blog thanks to a watch from his grandfather has turned into a highly respected business that can sell millions of dollars in watches in minutes.

In this episode, we went through the many different facets of the business, but a few things jumped out to me…

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