An excellent business-related discussion in Post Status Slack: Patrick Garman (CEO of Mindsize) asks in our #business Slack channel, “How much cash do you keep on hand in the business?” 💵
The consensus was three months, although Cory Miller always “could sleep at night” with a 6-month reserve if revenue completely stopped. Some, like Carl Hancock, take comfort in the recurring pricing model — your billing would literally have to be broken for things to suddenly stop.
It’s always nice to see answers from CEOs and those in charge of some of the most popular hosting and WordPress companies. If you haven’t checked out Post Status Slack yet, you’re missing some good information.
