Receiving a large sum of money unexpectedly is a great feeling, but you'll want to be smart about managing it.
Do you know what to do with this unexpected windfall? The right investment strategy can help you achieve greater financial security down the line. Focused Energy's founder Andrew Lyon weighs in with Forbes on how to navigate receiving the extra cash.
"You wouldn’t go into the jungle without a map, so why treat your business any differently? A great use of a surprise windfall is to “buy” the time you and your team need to create a coherent strategic plan. Use this time to take a breath, think clearly, build your plan and then execute. This investment will pay dividends for years to come," says Lyon.
If you’re looking to make the most of a surprise windfall, consider these tips from Lyon and other members of the Forbes Finance Council. Looking for more cash flow tips? We can help.