{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/6484f0554f789000117e5d4d/6484f05c42e3fb0011ab7a3a?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Business Financial Remodelling During a Downturn","description":"<p>In this episode on financial remodelling for downturn economy (startups & small businesses), you'll learn about the remodelling with these fundamentals:</p><ul><li>cash reserves</li><li>Contingency</li><li>Scenario planning</li><li>Connecting with your customers better</li><li>Back to basic and core offering</li><li>Back to the fundamentals</li><li>Keeping your brand building, organic</li><li>Marketing if you could come up with more cash</li></ul><p>You'll also hear about these critical financial terms which could help you pull out the high level numbers you need to do the remodelling:</p><ul><li>Burn rate - how fast do you burn through the cash</li><li>Runway - how many month can you survive</li><li>Revenue = Sales</li><li>Cost of Goods sold</li><li>Gross profit & margin</li><li>Contribution margin</li><li>Variable Costs</li><li>Fixed Costs</li><li>Opex (Operating expenses)</li><li>Cash flow</li><li>Net income</li></ul><p>Before or after listening to today's episode, you may also want to check out Ep. 22 - Financial Remodelling for Shifting Economy (for individuals). Together, you'll feel a lot more comfortable with the remodelling because they are all about building your cash, alone with some business insights.</p><p> </p><p>About 10X Vision:<br />Host: Mina Fung, Founder of <a href=\"https://www.pullimpact.com/\">Pull Impact</a>, Co-founder of <a href=\"https://www.wifaglobal.com/\">wifaglobal</a><br /> </p><p>Music credit: Adventures by A Himitsu, Crimson Fly by Huma-Huma</p><p>For tips and lessons learned throughout the podcast, head over to <a href=\"https://www.pullimpact.com/podcast\">https://www.pullimpact.com/podcast</a> and subscribe to my monthly summary list exclusively delivered to your email box once a month.</p><p> </p>","author_name":"Mina Fung"}