Welcome to another episode of Boosting Your Financial IQ with your host, Steve Coughran. Today, we're delving into a critical topic: "Don’t Let Growth Bankrupt Your Business." It's a cautionary tale we often overlook amidst the allure of expansion. Ignoring or inadequately managing working capital can swiftly lead to financial turmoil, particularly during rapid growth phases. Picture this: as your business scales up, revenue streams increase, but so do operational expenses. Without careful attention to working capital, the gap between cash inflow and outflow widens, potentially crippling your company. Join us as we dissect the intricacies of working capital management and explore strategies to safeguard your business's financial health amidst growth. Stay tuned for invaluable insights on navigating the growth journey without risking bankruptcy. Helpful links: Join the Strategic Financial Mastery programJoin Our Free CommunityTrain your team with an on-site workshopDisclaimer: 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. Support the show