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The Financially Savvy Entrepreneur by Chase Emily Smith

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Chapter 7:Untangling the Money Spaghetti

It’s only Chapter 7, but you’ve already come so far on your financially savvy journey. We’ve journeyed through reports and keeping your finger on the financial pulse of the business. We’ve talked about how to make wise financial decisions, put an exit plan in place, and project cash flow. You’re well on your way to being a financial rock star.

Harken back to Chapter 2 when we talked about who is holding your purse strings. We looked at different types of liabilities you may have in your business:

Image Loans, promissory notes, and lines of credit

Contracts

Leases

Credit cards

Collateral or secured items

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