For this week’s episode, Michael interviews Tom McMeekin. He’s a financier, debt adviser, coach & strategist, and Tom is based in Hobart, Tasmania, Australia. Tom gets what it takes to be a banker, his experience and certifications will vouch for his reputation. In the past 25 years, Tom specialized in assisting small-medium business owners, specifically in working capital and debt funding. Tom focuses on the mastery of cash flow, that before business owners will embark on a change, they have to make sure that the cash flow is sufficient. The reason things don’t usually go as planned and that there hasn’t been a project that didn’t have complications. However, with a cash flow plan paired with clever leverage of debt you can “plan for the worst but expect the best.” This Cast Covers: Generating capital through debt funding. Understanding cash requirements for each business goal. Seeing business as a team sport. Outsourcing a particular problem if you’re not equipped for it. Keeping in mind capitalization whilst making growth objectives. Generating income from the debt made. Not forgetting the last thing, which is taxes. Monitoring the balance sheet. Mastery of cash flow. Links:  Tom’s Linkedin Tom’s University of Tasmania Profile Additional Resources: Raising Money: Get the Money You Need To Grow Your Business by Andrew J. Sherman     Quotes: “Quite often people will come up with a good idea or have some ideas that they're trying to execute, but not understand the cash requirements for each one.” — Tom McMeekin. “If you don't have the skill, it's not a particular problem, you need to outsource it.” — Tom McMeekin. “Spending time building out those forecasts with the right people on your team, I think is critical.” — Tom McMeekin. “You can plan for the worst but expect the best.” — Tom McMeekin. “If you're leveraging to generate income, who cares how much debt you've got.” — Tom McMeekin.     Music from https://filmmusic.io “Cold Funk” by Kevin MacLeod https://incompetech.com. License: CC by http://creativecommons.org/licenses/by/4.0