Chapter 7:Untangling the Money Spaghetti
It’s only Chapter 7, but you’ve already come so far on your financially savvy journey. We’ve journeyed through reports and keeping your finger on the financial pulse of the business. We’ve talked about how to make wise financial decisions, put an exit plan in place, and project cash flow. You’re well on your way to being a financial rock star.
Harken back to Chapter 2 when we talked about who is holding your purse strings. We looked at different types of liabilities you may have in your business:
Loans, promissory notes, and lines of credit
Contracts
Leases
Credit cards
Collateral or secured items
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