In this episode, we dive into the remarkable journey of Patrick E. Donohue, an entrepreneur and valuation expert, embarked on his financial journey with a lemonade stand at age four and invested in Coca-Cola shares by age ten. Equipped with a Chartered Financial Analyst (CFA) designation, Patrick has emerged as a reliable investor, adept stock analyst, and valuable advisor to various entrepreneurial endeavors. As the visionary founder of Hill Capital Corporation, a private investment fund supporting emerging growth companies, he brings a wealth of unique insights into the intricacies of finance and business dynamics. Patrick’s dedication extends to serving on the boards of the Entrepreneurs’ Organization of Minnesota and the CFA Society of Minnesota, and he’s the driving force behind the creation of 1 Million Cups Eden Prairie. Connect with Patrick at BreakoutValuation.com to tap into his wealth of experience and expertise.
In this episode, you will learn the following:
- Significance of maintaining cash reserves for business stability.
- Concept of the cash balance trifecta (current cash, accounts receivable, accounts payable).
- Common misconceptions about business growth and revenue.
- Economic challenges affecting small businesses and cash flow.
- Value of a cash cushion as a strategic asset.
- Importance of pricing strategies and identifying profit pools.
- Role of external advisors in enhancing financial decision-making and vision clarity.
Links:
https://www.linkedin.com/company/hill-capital/
https://www.linkedin.com/in/patrickedonohue/
X: @HillCapitalMN
Facebook: https://www.facebook.com/hillcapitalcorp
YouTube: https://www.youtube.com/channel/UC1i0YR0FviOENu8b9ISDoUQ
Watch the full episode on YouTube: https://www.youtube.com/@profitanswerman
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My podcast about living a richer more meaningful life: http://richersoul.com/
Music provided by Junan from Junan Podcast
Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.
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