#302 - Greg Filbeck (Working Capital Management: Concepts and Strategies)

Mike interviews Greg Filbeck.This podcast inspired by Greg Filbeck's essential guide, "Working Capital Management: Concepts and Strategies." This series is dedicated to unraveling the complexities of working capital management and equipping business professionals with the tools to enhance financial health and operational efficiency. Greg Filbeck's comprehensive approach demystifies key concepts, including cash, inventory, accounts receivable, and accounts payable management. Each episode dives deep into these elements, providing actionable insights and strategies to optimize cash flow, reduce inventory costs, and improve receivables and payables processes.We'll explore practical techniques for forecasting cash needs, implementing just-in-time inventory systems, setting credit policies, and negotiating favorable terms with suppliers. Risk management is also a crucial focus, with discussions on identifying, assessing, and mitigating risks that impact working capital. By bringing together these components, we aim to help you create a cohesive working capital strategy tailored to your business's unique needs. Featuring expert interviews and real-world case studies, this podcast offers a blend of theory and practice, ensuring you gain a holistic understanding of working capital management.Join us as we unlock the secrets to financial stability and sustainable growth, guided by the expertise of Greg Filbeck and our knowledgeable hosts. Whether you're a seasoned financial professional or new to the field, "Mastering Working Capital Management" provides valuable insights to navigate the complexities of working capital and drive your business towards success.Mike Fallat is a bestselling author, serial entrepreneur, and owner of Lead Marketing Pros, a GoHighLevel Marketing and Appointment setting agency for service based businesses.  Schedule a free demo here: https://leadmarketingpros.com/