113: What You Need to Know About Working Capital

Boosting Your Financial IQ

Welcome back to Boosting Your Financial IQ, I'm your host Steve Coughran. Today, we're delving into "What You Need to Know About Working Capital." Understanding this financial metric is essential for maintaining the health of your business. We'll define what working capital is and unravel the distinction between operating and working capital, providing clarity on their respective roles. Drawing from my experiences with various companies, we'll examine real-world examples showcasing the impact of mismanaging working capital. From inventory management to accounts receivable, every aspect requires meticulous attention. Because here's the truth: neglecting working capital can spell disaster for your business. Stay tuned as we equip you with the knowledge you need to navigate this critical aspect of financial management, setting the stage for our upcoming discussion on free cash flow.
Here's how to get started with Boosting Your Financial IQ:

• Step 1: Test your financial IQ for FREE
• Step 2: Download the FREE app
• Step 3: Take the Fundamentals of Finance course

Disclaimer:
BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.

Get the free BYFIQ app and Starter Course here: https://www.byfiq.com/app

Support the Show.