Cash-Hawk Over Profit Reports

“Honestly, I let the accountants tell me if we were making money or not, though I did watch the cash like a hawk, because that was the lifeblood of the company. Without cash, it didn’t matter if you were profitable or not. Cash is always King!”

“With no financial degree and having never done anything like it before, I didn’t even know that I could get a line of credit against my accounts receivables; A/R financing was not something I had done or experienced before. But I learned fast, and as it turned out, A/R financing saved us on many occasions because we were expanding literally on the strength of our accounts receivables. In 1981, we doubled our revenues to $1.2 million.”