In this episode, Nathan Rigney, the Profit Generator, dives deep into the critical importance of cash flow as the backbone of business health. He explores cash flow versus revenue, liquidity, and why medium-sized businesses ($2-10 million) often face unique cash flow challenges. Nathan covers practical strategies to forecast cash needs, manage delayed payments, and minimise risks with due diligence, such as credit checks on large projects. Tune in for actionable insights and foundational steps like setting up Profit First accounts and regular expense reviews to avoid cash flow pitfalls and ensure a smooth, sustainable operation.
Head over to NGR Accounting to learn more about the Profit First method and how we can work together to get your cash flowing right. Find tailored resources, expert advice, and your next step toward a financially secure business.
This podcast provides general information only and is not intended as personal financial advice. The information presented here does not take into account your individual financial situation, investment objectives, or particular needs. You should consult with a qualified financial advisor before making any financial decisions based on the information in this post. The author and website owner are not liable for any actions taken based on this general advice.
