The Wall Street MBA, Second Edition, 2nd Edition

Chapter | 4CASH FLOW STATEMENT

One of the proudest days of my life was the day I landed my first job. It was an unforgettable thrill that was compounded by the fact that at a relatively young age, I soon would assume a great deal of responsibility. I was in charge of a business unit at a high-growth company. In that capacity, I managed logistics, procurement, and customer relations, and at the end of the day I often reviewed the accounts. That process taught me a great deal about generating income and, more specifically, cash. More than anything, I soon recognized the importance of generating cash flow. Payments often were made by credit or check, but ultimately the strength of the business was built around its ability to generate cash. And my ...