))
EP 533 - Why Your Business Has No Cash (And How to Fix It)
Manage episode 515752342 series 3358357
Content provided by nextAdvisory. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by nextAdvisory 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://podcastplayer.com/legal.
Book a call with Phil to discuss buying/valuing your business: https://calendly.com/philsmith/buying
Most business owners are doing cash flow completely wrong. Then they wonder why they're always stressed about money. You do the work, send an invoice, then wait 20+ days to get paid. Meanwhile, you've already paid wages, materials, and overheads. That's backwards.
Phil breaks down the real cash flow hacks that work: taking deposits upfront, charging site visit fees to filter time wasters, and getting paid the day you finish the job. We cover why your balance sheet is like a wet sponge soaking up cash, and how to wring it out.
Cash flow isn't the problem, your systems are. Fix the systems, fix the cash flow. Your business success depends on cash moving through it, not getting stuck in it.
If you're interested in working together in other ways:
Visit our website https://nextadvisory.nz
Let's connect over a quick call: https://calendly.com/philsmith/
Instagram: https://www.instagram.com/nextadvisory.nz/
…
continue reading
Most business owners are doing cash flow completely wrong. Then they wonder why they're always stressed about money. You do the work, send an invoice, then wait 20+ days to get paid. Meanwhile, you've already paid wages, materials, and overheads. That's backwards.
Phil breaks down the real cash flow hacks that work: taking deposits upfront, charging site visit fees to filter time wasters, and getting paid the day you finish the job. We cover why your balance sheet is like a wet sponge soaking up cash, and how to wring it out.
Cash flow isn't the problem, your systems are. Fix the systems, fix the cash flow. Your business success depends on cash moving through it, not getting stuck in it.
If you're interested in working together in other ways:
Visit our website https://nextadvisory.nz
Let's connect over a quick call: https://calendly.com/philsmith/
Instagram: https://www.instagram.com/nextadvisory.nz/
614 episodes
Share
