2 months ago

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In this episode, Jerrod and Rory dive deep into the complexities of financial strategies and decision-making processes that businesses face as they grow and evolve. Jerrod kicks things off by exploring the idea of using the right method at the right time. He shares insights from a friend who works with a large shopping company. The client shifted from wanting simple, one-page strategy outlines to needing detailed, 20-page documents as their market cap grew to a staggering 9.34 billion USD. Jerrod examines when it's appropriate to switch from a "run-and-gun" approach to a more structured, reference-based decision-making process, highlighting the challenges and considerations involved.

Rory takes the conversation in a different direction by debunking the myth of cash flow. He discusses the balance between maintaining cash reserves and investing in growth. While having 12 months of payroll in reserves might seem appealing, it's often similar to having only 2 or 3 months' worth of operational cash reserves. Rory emphasizes that a business can only hold so much cash before it must consider opportunities to enhance top-line revenue and profitability, all while staying competitive in the market.

Together, Jerrod and Rory explore the importance of adapting strategies based on a company's size and stage. They reference the contrasting approaches of ABB, a 100 billion USD company, and smaller, turn-key operations. ABB, with its established brand, supply chain, and R&D capabilities, focuses on leadership in electrification, while smaller firms aim to showcase their capability and reach. The episode underscores the necessity of choosing the right method for the right time, depending on a company's goals and market position.

🔹 The Crownsmen Show "The Voice of Industry"
This heavy industry podcast and web series unpacks the industrial sectors of North America. We explore the latest in technology, opportunities, challenges, leadership, and government policies. Industry experts from mining, energy, construction, transportation, forestry, and agriculture join the show to share their insights and give you in-depth access to their industry.

The Crownsmen Show Website: https://bit.ly/3d7hGsR
LinkedIn: https://bit.ly/3bupjcu

🔹 The Team
Hosted by:
Jerrod Downey | LinkedIn: / jerroddowney
Roy Slack | LinkedIn: / roy-slack-8a2b7310

Crownsmen’s Executive Producer: Rory Bamford (Contact for Booking )
LinkedIn: https://bit.ly/3OD7gyj