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    Summary of Kevin Cope's Seeing the Big Picture
    Summary of Kevin Cope's Seeing the Big Picture
    Summary of Kevin Cope's Seeing the Big Picture
    Ebook33 pages32 minutes

    Summary of Kevin Cope's Seeing the Big Picture

    By IRB Media

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    Please note: This is a companion version & not the original book. Book Preview:

    #1 A business must have cash to survive and thrive. Without it, a company can't pay its bills, employees, or buy the goods it needs to produce the products or services it sells. Without cash, a company will eventually go out of business.

    #2 The role of cash in a business is similar to that in your life. You use cash every day to pay for your rent, food, doctor visits, your cell phone bill, and cappuccinos. If you pay bills with your credit card, you are borrowing cash that the credit card company sends to the vendor.

    #3 The blackjack strategy is tempting for people and businesses to take risks when they need cash now to ensure their future survival. This can be dangerous, as it can lead to the loss of money, time, and resources.

    #4 The three components of a company’s cash are its cash position, its cash flow, and its liquidity. The company’s financial strength is measured by how well it can survive and grow even in difficult economic times.

    LanguageEnglish
    PublisherIRB Media
    Release dateMay 13, 2022
    ISBN9798822515192
    Summary of Kevin Cope's Seeing the Big Picture
    Author

    IRB Media

    With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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      Book preview

      Summary of Kevin Cope's Seeing the Big Picture - IRB Media

      Insights on Kevin Cope's Seeing the Big Picture

      Contents

      Insights from Chapter 1

      Insights from Chapter 2

      Insights from Chapter 1

      #1

      A business must have cash to survive and thrive. Without it, a company can't pay its bills, employees, or buy the goods it needs to produce the products or services it sells. Without cash, a company will eventually go out of business.

      #2

      The role of cash in a business is similar to that in your life. You use cash every day to pay for your rent, food, doctor visits, your cell phone bill, and cappuccinos. If you pay bills with your credit card, you are borrowing cash that the credit card company sends to the vendor.

      #3

      The blackjack strategy is tempting for people and businesses to take risks when they need cash now to ensure their future survival. This can be dangerous, as it can lead to the loss of money, time, and resources.

      #4

      The three components of a company’s cash are its cash position, its cash flow, and its liquidity. The company’s financial strength is measured by how well it can survive and grow even in difficult economic times.

      #5

      The most obvious factor in calculating a company’s cash position is cash on hand, which includes currency, coin, and checks in hand, but not yet deposited. The second part of the equation is cash equivalents, which include any short-term securities or other financial instruments that can be sold or converted to cash quickly.

      #6

      The two factors of cash flow are cash inflows, which is cash received in the form

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