Sitting
on financial slack is tough during the bull phase.
Not exact matches
Having spent over 20 years of my career in a seasonal small business, I've learned that taking a strategic approach to managing the business and business finances will not only keep your business cash flow positive during the
slack times, it will help you stay focused
on your business» long - term
financial health when it's flush with cash.
My first article
on RealMoney dealt with the concept of
financial slack, and why it is particularly valuable for cyclical companies not to take
on as much leverage as possible.
So cut yourself some
slack in the
financial department, at least for a few years until you're
on your feet again.
Bank Welcomes Bicycles
Financial institutions are not in most people's good books right now, but as I noted in my post
on a top UK banker who travels in a chauffeur - driven G - Wiz, when a little humility and responsibility is shown, we're much more likely to cut them a little
slack.
This paints a different picture of housing reliance
on family, beyond the clichéd stereotype of a
slacker twenty - something living at home and asking for
financial help.