Building a Family Business Ep. 19: (Create Your Fortress Balance Sheet)



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In this week’s episode, Wes and Brooks discuss the importance of managing your balance sheet.
Think of your family business as a “fortress” that needs to have enough defenses to withstand unforeseeable costs and unfavorable market conditions.

2:23 Introduction
8:05 What is a Fortress Balance Sheet?
12:30 Steps to build up your assets
20:22 How to recover from negative cash flow
25:38 Managing lines of credit
27:25 Lending relationships
30:55 Decreasing reliance on loans
34:22 Debt-capital ratio
39:19 How much capital should you build up?
43:17 Key highlights

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