In this episode, Dawn talks about cash flow and cash flow management. For nearly all types of businesses, January and February are slow months. Customers are coming off the holidays where they spent a lot of money on gifts and parties, and family get-togethers. With good cash flow management, your business can be better prepared to carry through the slow months.
In this episode Dawn discusses…
Cash flow strategies to protect the 4 walls of your business. (2:00).
The first thing she wants you to do. (2:08).
The structural things you can do to manage cashflow. (2:36).
The two things these strategies do for you. (3:32).
Two hard choices a recent client had to choose from. (5:58).
The advice she gave that client. (6:48)
Paying off your business debt vs. ongoing expenses. (8:21).
First make sure you have an emergency fund. (9:01).
Why she doesn’t necessarily care about your business’s credit score. (9:35).
Is it a cash flow issue or a revenue issue? (11:42).
Should you call your creditors? (13:25).
Resource links:
Three Steps for Making Business Cash Flow Management Easier blog post. Three Steps for Making Business Cash Flow Management Easier (entremoneycoach.com)
Paying off Debt VS Ongoing Expenses blog post. https://entremoneycoach.com/blog/paying-off-debt-vs-ongoing-expenses/
Entre Money Coach Website- www.entremoneycoach.com
Links and Freebies- https://entremoneycoach.com/linktree/
What Clients Say About Working with Dawn- https://entremoneycoach.com/about-dawn/
In-Depth Information, Tips, and Strategies- https://entremoneycoach.com/blog/
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