In this week's episode, Wes and Brooks discuss the importance of managing your balance sheet.
Think of your family business as a "fortress" that needs to have enough defenses to withstand unforeseeable costs and unfavorable market conditions.
Learn all about it here on Builder Funnel Radio.
- 2:23 Introduction
- 8:05 What is a Fortress Balance Sheet?
- 12:30 Steps to build up your assets
- 20:22 How to recover from negative cash flow
- 25:38 Managing lines of credit
- 27:25 Lending relationships
- 30:55 Decreasing reliance on loans
- 34:22 Debt-capital ratio
- 39:19 How much capital should you build up?
- 43:17 Key highlights
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