How to create and manage a business cash reserve | Morgan Law @FinePoints
Learn more about business cash reserves:
(For US-based businesses) https://intuit.me/3jE3I2l
(For Canada-based businesses) https://intuit.me/3DvOZxZ
It is always important to prepare for unforeseen circumstances. Cash reserves are basically your small business emergency fund. In this video, Morgan Law (@FinePoints) walks you through the fundamentals of a business cash reserve – how to create one and how much you should set aside.
00:00 – Introduction
00:59 – What are business cash reserves?
01:22 – Why are cash reserves important?
01:53 – How much to keep in business cash reserves
03:13 – 3 tips for creating a business cash reserve
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