At Cashbook we have been helping clients in multiple industries with increasing their cash flows. We are experts in the cash automation software industry. We know how important cash flow is for survival, sustainability and the growth of an organization. In this article, we are going to take you through our top ten favourite cash flow quotes.
We love this quote from Virgin’s Richard Branson. It’s straight to the point and so true. No cash flow, no business.
A great analogy from Michael Dell, founder, chairman and CEO of Dell Technologies. So many companies are focused on their sales and profit. If you can’t pay your bills your business immediately comes to a halt.
A key piece of Information for entrepreneurs from management consultant, educator, and author Peter Drucker. Profit is important but numbers on a page are not as important as numbers in the bank or what can be invested at any given time to grow the business.
Businessman and author, Robert Kiyosaki with an essential tip on how if your cash flow management is poor then making more money is not the solution to fixing it.
David Tang, businessman, philanthropist and socialite. Sums it up perfectly with the words that you never want to hear from finance. In personal and in business more outgoings than incomings are never where you want to be.
We love this quote from business executive, chemical engineer, and writer Jack Welch. There is quite a lot going on in this quote, but he sums it up nicely that if customers are satisfied and your staff are happy then your company is sure to grow. He mentions cashflows as the pulse – the key indicator of it all. Cashflows reflect the satisfaction of the other two pillars of a business.
Amazon founder and Executive Chairman Jeff Bezos knows a thing or two about cash flow, being one of the richest people in the world. Absolute dollar free cash flow directly correlates to the amount of capital available to reinvest back into the business. The more absolute dollars that can be reinvested in the business, the better.
Business magnate, investor, and philanthropist Warren Buffett with a gold nugget on how he became the investment guru of modern times. Highlighting how damaging debt and in particular long-term debt can be due to changing interest rates, which can result in unpredictable cash flows. Warren ranks cash flow as a key indicator of a healthy or unhealthy business.
Businessman, lawyer, and former politician Chris Chocola again mentioning one of the most important lessons he learned. Balance sheets and income statements are the outcome of assumptions & timings. On their own they can be irrelevant. Cash flow movement are cold hard facts.
Businessman and Author Grant Cardone with a quote on the importance of taking on debt to grow cash flows. Debt which is added for frivolous activities is growing other peoples cashflows.
We hope you enjoyed our 10 favourite cash flow quotes and that you learned how important a barometer it can be for the financial health of your organization. If you would like to discuss how to improve cashflows in your company. Then get in touch with our team on +353 61 338 400 (international) or 630-352-2228 (North America), alternatively you can email firstname.lastname@example.org. We look forward to discussing how our cash automation software can help to increase and maintain a steady cash flow in your organization.