Episode 022 – Never Miss A Payroll
In my [almost] seven years of running a business I have never missed a payroll. My formula for such a feat hasn’t always been filled with sound financial practice.
In this week’s show I explain some of the bad ideas I used to pull this off as well as some of the good ones. In the first three years I used debt as a way to make payroll when cash flow was poor. In the last three-plus years I’ve had a much better system involving a detailed bidding system that created a budget for me.
I recorded this show last Friday to a live audience using Ustream. It was a lot of fun and I hope to do it more in the future.
I’m considering Monday evenings at 9pm Eastern as a regular broadcast time. Comment here or send me an email with your thoughts on the idea.
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