Author Topic: Cash reserves  (Read 784 times)

williamportor

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Cash reserves
« on: January 17, 2016, 04:23:46 PM »
Hello - I am about to land client # 7 (I hope) at this rate of growth, I may have to rent some office space and hire an employee in about 12-18 months. I'm no doubt jumping the gun here, but what kind of cash reserves should I have before doing this?   

kristin

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Re: Cash reserves
« Reply #1 on: January 17, 2016, 07:53:47 PM »
Without knowing your demographic info, such as rental costs and what you would pay someone, I can only guesstimate, and that would be three months(at least)reserve of what you would plan to expend.

Michele

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Re: Cash reserves
« Reply #2 on: January 19, 2016, 10:48:41 AM »
Agree, that's not an easy question to answer but I think kristin's recommendation is good.  3 months should be safe.
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