[Singapore] Founders Drinks May 2014: Cash is King
Find out how your startup can survive by successfully managing your cash flow.By e27 Editorial Staff 19 May, 2014
90% of small business failures are caused by poor cash flow*
The best indicator of a company’s chance to succeed over the long-term is its ability to generate and hold onto cash.
However most small business owners do not take a proactive approach to managing and analyzing their cash flow, relying more on the value of their assets instead of their business’s operational dynamics.
But what if cost centers could be streamlined, made efficient and generate cash instead?
With over 14 years spearheading initiatives to develop new capabilities for DBS Bank, including big data customer analytics in business banking; Vice President of SME Banking at DBS Bank, Benny Chan, has amassed years of experience understanding the pain points of small businesses and consulting business owners on their cash flow.
This Founders Drinks, we are privileged to have Benny share his tips and knowledge on business literacy, and how to take back the reigns on your business.