Mar 10 2024 63 mins
In this pivotal episode of the Green Profit Academy Pros Podcast, we delve into the critical topic of cash flow management—a lifeline for the survival and expansion of small businesses. Christeen & Steve break down the complexities of managing cash flow amidst the unique challenges of the trade sector, including handling physical inventory, navigating the intricacies of supply chain management, juggling labor management, and adapting to fluctuating demand.
Join us as we explore why maintaining a positive cash flow is not just beneficial but essential for sustaining liquidity and funding operations and tackling the industry-specific hurdles—such as inconsistent sales, supply chain delays, extended payment terms, and labor shortages—that can jeopardize cash flow.
We'll share invaluable strategies for accurate cash flow forecasting, strategic inventory management, judicious management of expenses, and the significance of regular monitoring and review. Whether it's adopting the Profit First system for smart spending or exploring funding options to buffer against cash shortfalls, this episode is packed with actionable advice tailored for the trade industry's small businesses. Tune in to navigate the financial challenges and pave your way to a more prosperous and secure future!
Cash Flow Management Checklist for Trade Industries https://bit.ly/CSHFLW_Chklst
Do you feel you need more support around your cash flow management? Set up a Services Consultation with Core Business Strategist: http://ow.ly/wtqF50NFbmB
The Green Profit Academy Pros Podcast digs into the challenges in growing a Lawn Care and Landscape business while maximizing your profit. Christeen Era, and Steve Bousquet. are green industry experts in profit, growth, and leadership.