Go offline with the Player FM app!
Unblock Your Cash Flow: Strategies to Free Up Money Fast
Manage episode 506241223 series 2426383
Have you ever hit a point where your design business cash flow just isn’t flowing? The truth is that money doesn’t always stay steady—it moves in and out, up and down. In today’s episode, we’re digging into how interior designers can get the money moving again with quick cash flow wins, plus a long-term cash management strategy for financial stability and growth.
Topics Mentioned:Profitability
Financials
Pricing
Strategy
We just make much better decisions when we've had good rest, good sleep practice, good eating and health, and then those things start to go away because of the worry and the stress that comes from not having enough money. As we all know, one of the number one reasons is that small businesses fail is lack of cash and lack of cash flow management. Michele Williams
Start asking is there anything that we need to do on our side as the business to satisfy a need that would allow that money to be paid. Michele Williams
If you're not billing directly dollar to dollar, penny to penny, it can be very easy to get underwater on that so that you're absorbing more cost because you don't want to pass them along to the client, and after a while you're eating into your profitability. Michele Williams
Cash flow is usually enhanced by ensuring that we've got the right pricing, that we're monitoring the cost of the product and the cost of running the business, and then that leads us to profitability. Michele Williams
Email: [email protected]
Facebook: Scarlet Thread Consulting
Instagram: @ScarletThreadATL
Website: ScarletThreadConsulting.com
LinkedIn: Michele Williams
The Designers' Inner Circle - Become a Member Today
105 episodes
Manage episode 506241223 series 2426383
Have you ever hit a point where your design business cash flow just isn’t flowing? The truth is that money doesn’t always stay steady—it moves in and out, up and down. In today’s episode, we’re digging into how interior designers can get the money moving again with quick cash flow wins, plus a long-term cash management strategy for financial stability and growth.
Topics Mentioned:Profitability
Financials
Pricing
Strategy
We just make much better decisions when we've had good rest, good sleep practice, good eating and health, and then those things start to go away because of the worry and the stress that comes from not having enough money. As we all know, one of the number one reasons is that small businesses fail is lack of cash and lack of cash flow management. Michele Williams
Start asking is there anything that we need to do on our side as the business to satisfy a need that would allow that money to be paid. Michele Williams
If you're not billing directly dollar to dollar, penny to penny, it can be very easy to get underwater on that so that you're absorbing more cost because you don't want to pass them along to the client, and after a while you're eating into your profitability. Michele Williams
Cash flow is usually enhanced by ensuring that we've got the right pricing, that we're monitoring the cost of the product and the cost of running the business, and then that leads us to profitability. Michele Williams
Email: [email protected]
Facebook: Scarlet Thread Consulting
Instagram: @ScarletThreadATL
Website: ScarletThreadConsulting.com
LinkedIn: Michele Williams
The Designers' Inner Circle - Become a Member Today
105 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.