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How to Improve Cash Flow in Your Business | 778

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Manage episode 477168114 series 2834919
Content provided by Dave Lorenzo. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dave Lorenzo or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

"If you don’t stay on top of your cash flow, you're not going to be in business very long."
— Harry Cendrowski

What You’ll Discover Today:

  • Why cash flow—not profit—is the lifeblood of your business
  • The most common cash flow mistakes and how to avoid them
  • Strategies for improving cash flow, even during economic downturns

Key Topics Discussed:

  • What Cash Flow Really Means: It’s not just about your profit—it’s about what comes in and what goes out on a daily basis.
  • The Danger of Not Enforcing Contracts: Letting clients pay late can cause a cascade of issues that erode profitability and trust.
  • Creative Cash Flow Solutions: From upfront deposits to progress payments, learn how to make your revenue stream more predictable.
  • Surviving Economic Uncertainty: Use tools like a 13-week rolling cash flow forecast to stay agile and ready.
  • Access to Capital: Set up credit lines before you need them—don’t wait for a downturn to start planning.
  • Service vs. Product-Based Businesses: Cash flow dynamics differ, and your strategy should too.
  • Handling Seasonality: Smart cash planning and inventory management can mean the difference between feast or famine.
  • Critical Metrics to Watch: Track your receivables, job count, and industry-specific KPIs to assess cash health.

Links and Resources:

Call to Action:

If you’re a business owner facing cash flow challenges—or just want to tighten up your financial discipline—reach out to Harry Cendrowski at (866) 717-1607. Don’t wait until the storm hits to build your financial shelter.

  continue reading

789 episodes

Artwork
iconShare
 
Manage episode 477168114 series 2834919
Content provided by Dave Lorenzo. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dave Lorenzo or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

"If you don’t stay on top of your cash flow, you're not going to be in business very long."
— Harry Cendrowski

What You’ll Discover Today:

  • Why cash flow—not profit—is the lifeblood of your business
  • The most common cash flow mistakes and how to avoid them
  • Strategies for improving cash flow, even during economic downturns

Key Topics Discussed:

  • What Cash Flow Really Means: It’s not just about your profit—it’s about what comes in and what goes out on a daily basis.
  • The Danger of Not Enforcing Contracts: Letting clients pay late can cause a cascade of issues that erode profitability and trust.
  • Creative Cash Flow Solutions: From upfront deposits to progress payments, learn how to make your revenue stream more predictable.
  • Surviving Economic Uncertainty: Use tools like a 13-week rolling cash flow forecast to stay agile and ready.
  • Access to Capital: Set up credit lines before you need them—don’t wait for a downturn to start planning.
  • Service vs. Product-Based Businesses: Cash flow dynamics differ, and your strategy should too.
  • Handling Seasonality: Smart cash planning and inventory management can mean the difference between feast or famine.
  • Critical Metrics to Watch: Track your receivables, job count, and industry-specific KPIs to assess cash health.

Links and Resources:

Call to Action:

If you’re a business owner facing cash flow challenges—or just want to tighten up your financial discipline—reach out to Harry Cendrowski at (866) 717-1607. Don’t wait until the storm hits to build your financial shelter.

  continue reading

789 episodes

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