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129. Does Your Business Have TOO Much Cash?

Season #2

Welcome to The Fit Financial Podcast, have you always been afraid that your business will run out of cash, so you’ve just been stashing it away, but now you’ve got to thinking, hmmm...maybe I should be doing something different...or how much is too much extra cash to have on hand in my business? Well today on the show, we’re going to talk about how much cash you should have, signs that you might be keeping too much and what to do with the extra cash that you do have. This is The Fit Financial Podcast! 

  • Is having too much cash in the business actually a problem? 
  • How much cash should I have? 
  • How does it affect my business? 
  • Am I missing investment opportunities?
  • What does a good cash management strategy look like

While having cash reserves is vital for stability, too much idle cash can signal inefficiency and missed opportunities. A balanced cash management strategy can help to ensure that your business remains competitive and growth-oriented while optimizing tax efficiency. By actively managing your cash reserves, you can capitalize on investment opportunities, reward owners, and maintain a healthy financial position.

Thank you for listening to the Financial Podcast. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the @thefitfinancial_ or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com 

Find Shawn at: @fitwealthadvisor

 

The Fit Financial Podcast is brought to you by Fit Wealth Advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.