Jul 24 2024 5 mins
Cash Conversion Cycle: The Secret Weapon for Business Growth [Cash Flow, Inventory Management, Scaling Up]
This episode dives deep into the CCC, a critical metric that reveals how quickly your business converts inventory into cash. The shorter the CCC, the more efficient your operations and the faster you can grow!
In this video, you'll learn:
- What the Cash Conversion Cycle is and why it matters
- How to calculate your CCC (with a simple formula!)
- Strategies to optimize Inventory Days, Receivables Days, and Payables Days
- How a strong CCC helps you achieve sustainable growth
- Tips to overcome challenges in managing your CCC
Mastering the CCC is essential for any business owner or entrepreneur serious about scaling and thriving. Don't miss out on this valuable knowledge!
CONNECT WITH PETER BOOLKAH:
--------------------
http://www.Boolkah.com
https://www.facebook.com/Boolkah
https://www.instagram.com/pboolkah/
https://www.linkedin.com/in/boolkah
https://twitter.com/boolkah
--------------------
ABOUT PETER BOOLKAH
--------------------
Peter Boolkah (AKA The Transition Guy) is the World’s #1 Business Transition Coach whose main passion in life is to work with talented and high performing business owners who are in the process of creating exciting, high growth businesses.
Peter helps you to navigate and transition through the crucial growth pains that all growing businesses experience making it as painless and exciting as possible.
It is important to remember that businesses do not just grow and develop on their own, it is up to us and our teams to make this happen by making every day purposeful.
As businesses grow some parts of the journey will be easier than others and most owners do not have all the answers. Starting a business is one of the most exciting things we get to do and we all have aspirations of achieving great things. In fact Peter is yet to meet someone who started a business with the intention of failing.
Peter’s ultimate life goal is to inspire and empower over 100,000 Entrepreneurs to create long term thriving businesses resulting in the creation of 1,000,000 jobs.
So if you are scaling up your business, you’re in a bu...