Jan 06 2025 9 mins
Financial Stress: What Causes It, and How Do We Fix It? | The Mills Knows Bills Podcast | Episode 35, Season 4
Link to video podcast episode: https://youtu.be/D7V0md9U_Mk
Welcome to The Mills Knows Bills Podcast! Host Mills Bender, founder and CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!
In this episode of the MKB Podcast, Mills addresses common financial stresses faced by blue collar business owners, with a focus on cash flow management. She discusses the root causes of financial stress, short-term fixes such as cutting expenses and collecting overdue receivables, and long-term strategies like negotiating vendor prices, raising prices strategically, and improving team efficiency. Tune in to learn how to master your money, maintain a steady cash flow, and turn your business into a profitable asset.
Do you have your own burning financial question for Mills or the MKB team?
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00:00 Introduction to Mills Knows Bills
00:53 Welcome Back: Addressing Business Owners' Financial Questions
01:22 Tackling Financial Stress for Blue Collar Business Owners
03:43 Common Cash Flow Mistakes and Solutions
06:59 Strategies for Maintaining Profitability Without Raising Prices
08:48 Conclusion and How to Get Help from Mills Knows Bills
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