Promoted Content
Always Do This One Thing When Managing Your Cash Flow
As Christine Hunsicker says, no business owner can effectively manage their company’s cash flow “with rose-colored glasses on.”
She should know: After leading two tech startups that were acquired by Yahoo! and Facebook, Hunsicker co-founded Gwynnie Bee, an online clothing rental subscription service exclusively for women sizes 10 to 32. Hunsicker understands that “tracking the money that comes in and how it goes out is too critical to the survival of a business.”
Today, Gwynnie Bee employs more than 350 people and has delivered some 3 million boxes to its members.
The one thing you always need to do when managing your cash: No matter what amount of money you think you need, “always double it,” Hunsicker says.
For more thoughts on how you can use your cash most efficiently, watch the video above.
Brought to you by Capital One® Spark Business®. Learn More about what the Spark® Cash Card can do for your business at www.capitalone.com/credit-cards/business/cash-back.
Entrepreneur Editors' Picks
-
How Millionaires Prepare for a Recession, According to a Former Wall Street Trader
-
5 Self-Care Habits of Every Successful Entrepreneur
-
Listen Closely to What People Ask You. That's Where to Find Your Hidden Power.
-
Gen Z Customers Want More. This 3-Step Strategy Will Help Your Company Give It to Them.
-
This Founder Was Madly Pulling a Pandemic Pivot When...the FBI Showed Up at Her Door With Guns, Seized Her Money and Told Her Husband He Was the Target of a Criminal Investigation
-
Take Customer Service to the Next Level With These Service-Based Franchises
-
Define Your Short-Term Goals With These 3 Components for Long-Term Success
