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24. How to improve your cashflow
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Hey there, Scaling Simplified tribe! In this episode, we're delving into the lifeblood of your business—cash flow. Why does it matter? Well, because even if you're turning a profit, mismanaging cash flow can still lead to trouble. For product businesses dealing with stock or service-based businesses scaling their teams, understanding and managing cash flow is crucial.
What We're Talking About:
Improving your cash flow—ensuring you've got enough money without any surprises.
Why It Matters:
Cash flow is the beating heart of your business. You might be profitable on paper, but poor cash flow management could lead to bankruptcy. For product businesses dealing with upfront costs or scaling service businesses with growing teams, cash flow is a key player.
In this Episode, We Dive Into:
- Cash flow planning and forecasting.
- How to fix cash flow issues.
- Problems with cash flow that arise when taking time off.
- Balancing having too much cash.
- Managing cash flow when you take time off
- Plus, our top money tips to take away.
Tune in for practical insights on keeping your cash flow healthy and thriving!
🚀 Takeaway: Cash flow isn't just about the money coming in and going out; it's about strategic financial management for a resilient and successful business.
Connect with Us:
Share your thoughts on this topic with us on Instagram @pipharland and @iamgeorgiafitzgerald. At Scaling Simplified, we're dedicated to supporting fellow female business owners on the exciting journey to seven figures and beyond and we always love to hear from you. 🚀💼
Book Your Scaling Simplified Day Now!
https://www.georgiafitzgeraldcoaching.com/SS
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