Philip Campbell is a consultant, CPA and author of the book Never Run Out of Cash: The 10 Cash Flow Rules You Can’t Afford to Ignore. The book is an easy-to-understand, step-by-step guide for business owners and managers who want to better understand and manage their cash flow.
Philip helps entrepreneurs and CEO’s win in business. His consulting practice is focused on putting the structure and tools in place so the accounting and financial side of their business is strong and provides the insights leaders need to make money, improve cash flow, and grow successfully.
His career began in public accounting where he was an audit manager in an international accounting firm in Houston, TX. Since 1990, he has served as a financial officer in a number of growing companies with revenues ranging from $5 million to over $1 billion. He has been involved in the acquisition or sale of 33 companies and an IPO on the New York Stock Exchange.
What really sets Philip apart from the average financial person you meet is his passion and excitement about helping entrepreneurs and CEOs take control of their cash flow. Philip believes strongly that growing a successful business makes it critical that management knows exactly what’s going on with their cash flow. In fact, early on in his career, he focused and “preached” so much about the importance of cash flow that people now call him CASH.
Managing cash flow in a manufacturing business is complex. There are an amazing number of interconnected processes and decisions that ultimately determine profitability and whether you have the cash you’ll need to survive and thrive (in good times and in bad times). One of the drivers of that complexity is inventory. I like to look at inventory as a necessary evil. Necessary in that it ultimately becomes revenues. Evil in that it’s a huge portion [...]