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Johny Fernandez: What is working
capital?

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Sean Murray: What is working
capital? Working capital is

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technically an accounting term,
but I think most of us are

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familiar with that term coming
from a small business owner

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who's saying I'm going to use
funds for working capital. What

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they're usually talking about is
daily cash flow. They're not

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really appropriating this money
for any specific purpose.

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They're just going to use it for
the day to day operation of your

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business. That's working
capital.