Comments on: Mark Wyssbrod – Looking For Opportunity http://thriveamerica.com/video/markwyssbrod Helping you thive in this economy and beyond! Sat, 03 Jul 2010 15:25:58 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Mark Wyssbrod http://thriveamerica.com/video/markwyssbrod/comment-page-1#comment-16 Mark Wyssbrod Tue, 24 Feb 2009 00:03:46 +0000 http://thriveamerica.com/?p=572#comment-16 Brent, Good question! When the economy begins to turn around (and begin to grow) your company will need working capital. Working capital is cash, line of credit and equity which you can use to purchase materials and service to resell to your clients. For instance, you may need to purchase wardrobe or supplies for a video shoot before you get paid by your customer. How can you afford this? Working capital then comes into play. We are focusing on your company's financial position (the balance sheet, especially current assets and equity). Most small business owners use incorrect indicators such as sales or cash flow. Sales and cash flow often trick business owners into thinking things are better than they are. I hope this helps Brent, Good question! When the economy begins to turn around (and begin to grow) your company will need working capital. Working capital is cash, line of credit and equity which you can use to purchase materials and service to resell to your clients. For instance, you may need to purchase wardrobe or supplies for a video shoot before you get paid by your customer. How can you afford this? Working capital then comes into play.

We are focusing on your company’s financial position (the balance sheet, especially current assets and equity). Most small business owners use incorrect indicators such as sales or cash flow. Sales and cash flow often trick business owners into thinking things are better than they are.

I hope this helps

]]> By: Brent http://thriveamerica.com/video/markwyssbrod/comment-page-1#comment-14 Brent Mon, 23 Feb 2009 01:42:49 +0000 http://thriveamerica.com/?p=572#comment-14 Mark, I am still a little hazy on this, can you give us an example of planning for the economic rebound? Mark,

I am still a little hazy on this, can you give us an example of planning for the economic rebound?

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