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Would you bond a lemonade stand with no working capital, no profit history, and a cigar box for bookkeeping? Probably not. And neither would a bonding company looking at your construction business.
In this episode, Wade Carpenter and Stephen Brown break down the financial fundamentals bonding companies and banks use to evaluate your business — working capital, equity, cash flow, profit history, and reliable books — through the surprisingly relatable lens of a kid’s lemonade stand.
Simple lessons, serious impact for your bottom line.
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Click to watch the full episode, access the transcript, and find relevant links.
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