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The $100 MBA Show

MBA910 Q&A Wednesday: What do you do when you run out of cash?

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 3 January 2018

⏱️ 12 minutes

🧾️ Download transcript

Summary

It’s our first Q&A Wednesday of the year, and we’re kicking 2018 off with a tough one! It’s uncomfortable to think about, but what should an entrepreneur do when resources dry up? The accounts are low, spending is outpacing revenue, and it looks like all is lost. Can you carry on? Absolutely.

Transcript

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0:15.8

Heyo! Welcome to the $100 R.M. Bness in your years with our daily 10 minute business lessons for the real world. I'm your host, your coach, your teacher,

0:20.7

Omar and home. I'm also the co-founder of the $100 MBA, a complete business training

0:25.9

and community online over at 100MBA.net. If you're just getting started and you want to nail

0:32.2

your business idea, you want to make sure that people actually buy what you're offering, then you've got to check out our free course on idea validation.

0:40.0

It's a seven-part video course that's absolutely free, but it's going to make sure you're selling something that the market wants.

0:47.0

Head on over to 100MBA.net to enroll in this free course today.

0:52.0

Today is Q&A Wednesday that means I'm answering your

0:55.3

question right here on the show. Yes so if you have a question you want

0:59.4

answered you could just send it right to me at omar at 100 MBA.net and I'll answer it right here on

1:06.1

Q&A Wednesdays. Today's questions from Joan and Joan asks, what do you do when you run out of cash?

1:11.8

What do you do when you run out of money for your business?

1:15.0

A great question because not a lot of people will ask this question, let alone answer it.

1:20.0

But I will in today's episode.

1:22.0

I'll talk about how to plan for this, how to make sure you know what to do first, what to cut, what not to cut, and how to bounce back and get into a place that you're financially secure in your business.

1:33.2

All that coming up next, let's get into it, let's get down to business.

1:37.0

Today's episode of the $100 R.M.

1:43.4

Show is supported by Earth Class Mail.

1:45.4

Get your own professional business address with Earth Class Mail.

1:49.5

Don't use your personal address.

1:51.4

Don't have customers showing up at your door earthclass mail

1:54.0

will hook you up with a business address so you can put that on your receipts on

1:57.9

your invoices in your email newsletter on your business cards on whatever but not only that they'll scan your

...

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