Jul
3
The Power Of Cash
July 3, 2007 |
One of the great truths of finance is: “Money’s expensive when you haven’t got it.” Multi-million dollar empires have toppled for want of a few thousand dollars. If/when you lack cash, you usually must pay an exorbitant price to get it, will gladly do so at the moment, but will often bitterly regret the terms of the deal later. This begs several ideas:
• It is better to be the one with money than the one without
• Be eternally reluctant to do anything that so diminishes your cash position that you might get into trouble
• The time to get money is before you need it
• No matter how severe your immediate need, stop to thoroughly consider the long-term ramifications of the terms
Tags: dan kennedy, dan kennedy marketing, Dan Kennedys, Dan s Kennedy, small business, small business marketing, small business marketing ideas
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Jul
3
The Power Of Cash
July 3, 2007 |
One of the great truths of finance is: “Money’s expensive when you haven’t got it.” Multi-million dollar empires have toppled for want of a few thousand dollars. If/when you lack cash, you usually must pay an exorbitant price to get it, will gladly do so at the moment, but will often bitterly regret the terms of the deal later. This begs several ideas:
• It is better to be the one with money than the one without
• Be eternally reluctant to do anything that so diminishes your cash position that you might get into trouble
• The time to get money is before you need it
• No matter how severe your immediate need, stop to thoroughly consider the long-term ramifications of the terms
Tags: dan kennedy, dan kennedy marketing, Dan Kennedys, Dan s Kennedy, small business, small business marketing, small business marketing ideasBusiness Essentials
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