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13 Tips For Building Up Your Business’ Emergency Fund
2. Implement A Decision-Making Process Around New Investments
This may sound obvious, but every time we spend cash—even if it’s within the budget—it’s a lost opportunity to save cash. Simply pausing to consider this trade-off can lead to better outcomes. This can effectively be enforced via a light, but formal, decision-making process around new investments. Follow the framework for new spending decisions and the results after six months will impress. - Erica Schoder, R Street Institute
