Jody Grunden is CEO and Co-founder of Summit CPA Group, an industry speaker and a published author. He started Summit CPA Group in 2002, bringing more than 23 years of public and corporate accounting leadership, tax expertise and executive management experience to his role with the company.
With the mission of changing the way that people think about accounting, Summit CPA Group specializes in helping digital agencies manage and scale their financial health through solid forecasting based on both financial and non-financial metrics through its Virtual CFO Services.
Jody's book, Digital Dollars and Cents: A Virtual CFO's Playbook to help Digital Companies Create a Financial Roadmap to Success can be read on Kindle.
5 Cash Flow Mistakes to Avoid While Running a Digital Shop
It takes cash to make your company run and grow, so how do you keep your cash flow strong? In theory, the idea is simple: keep more money coming in than you have going out. But in real life, many business owners struggle to keep the optimal amount of cash available on an ongoing basis.
Let’s go beyond the basics and dive into tools and strategies you can start using right away. Whether you’re a one-person shop or have dozens or even hundreds of employees, the same rules apply. Learn how to stretch every dollar, so you have access to your money when you need it.
During this session, you’ll learn:
- How much cash you should shore up as a cushion
- What not to do in your first few years of business
- Why you need to estimate business revenue properly
- The importance of creating a budget and reviewing it regularly
- How to prioritize invoices and bills