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When your customers’ cash dries up…
With all the turmoil surrounding the collapse of Silicon Valley Bank, the pullback of Venture Capital money and other nail-biting financial moments, how should you deal with customers who suddenly don’t have the money to pay their bills? The very wise Ron Boire offers a perspective.
Wisdom from hard earned experience: There’s never a problem until you have a problem
My partner at Valize Ron Boire (Ron Boire) has a deep well of experience years spent at companies large and small, many of them iconic. In this moment, when an entire generation of young business leaders has never experienced a bank run or seen formidable institutions abruptly shut down by financial regulators, I thought a story he tells of advice he gave to a young entrepreneur was profound. You don’t learn this stuff in books!
Ron advises leaders, offering guidance based on the kind of experience you can only get by living through it.
So, let’s set the scene. One of the young leaders he’s working with had the great good fortune to set up an executive…
