Peter W. Kingma
Cash Is King
Maintain Liquidity, Build Capital, and Prepare Your Business for Every Opportunity
Wiley, 2024
What's inside?
Cash is king, but businesses tend to chase revenue and overlook cash management.
Recommendation
Business experts often invoke the dictum “cash is king,” but cash takes a back seat when a company is chasing revenue. Firms with strong cash positions are more resilient and can seize new opportunities, so cash management is crucial. Consultant Peter Kingma drives home this point using the narrative of the fictional Owens Inc. Sometimes his attempts at humor seem a bit forced, and extolling the advantages of using outside consultants can appear self-serving. Nonetheless, his approach is focused and comprehensive, and entrepreneurs will find this a helpful financial reference.
Summary
About the Author
Peter W. Kingma is a principal with EY Parthenon, leading the consultancy’s working capital practice in the Americas.
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