The Goesinnas Must Exceed The Goesouttas!! ─ Law #1
To run a business successfully, the cash deposited into a company over time must exceed the cash out.
Many companies fail because they haven’t managed cash very well.
In large companies, managers running multi-million dollar divisions can lose sight of this, as cash is not of primary importance. This is why many large company managers failed when they ventured into the world of running a business. Whenever they needed cash, some magical kingdom called “Corporate Headquarters” would send it, just as a parent does for a child at school.
There is no more sobering way to learn this law than to try to make a payroll with no cash in the bank.