61 min listen
TCF730: Money Mindset: How to Improve Cash Flow During a Recession
TCF730: Money Mindset: How to Improve Cash Flow During a Recession
ratings:
Length:
20 minutes
Released:
Dec 8, 2022
Format:
Podcast episode
Description
Good cash flow is the straw that stirs the drink. But it's a lot easier said than done, right? Join Tom as he shares some helpful insights on ways that you can improve your cash flow and be profitable regardless of whether you're in a recession or not. Conversation Highlights: [00:00] - Intro [02:28] - Improving your cash flow during a recession [03:28] - Reasons why cash flow is crucial to your success [10:26] - Pay attention to your contract terms for improving cash flow [11:47] - Consider early pay discounts [12:59] - Pay your bills as late as you can [14:02] - Send invoice right after the project is done [14:29] - Keep track of your obligations daily [15:34] - Increase your rates [16:06] - Upsell your service [16:48] - Have a weekly money meeting [18:40] - There are no days off for a small business owner Resources: == Join us in BATTLEGROUND == Everything your contracting business needs in one comprehensive program with three main focus areas: Leadership, Communication, and Numbers. For more info, check out: https://TheContractorFight.com/Battleground ==Are you struggling to build your business or starting your first business and need help? Check out our foundation course. Everything you need to know about starting a business and what to do. Go grab it at https://thecontractorfight.com/foundations/ == Get your questions answered and connect with other contractors building stronger businesses in The Contractor Fight: https://thecontractorfight.com/facebook == Grab the Gear == https://gear.thecontractorfight.com/ == Find Us on Social Media == YouTube: https://www.youtube.com/c/TomReber Instagram: https://thecontractorfight.com/ig == Rate the Podcast == Help your fellow contractors find the podcast! Please leave a rating/review! Apple Podcasts Spotify
Released:
Dec 8, 2022
Format:
Podcast episode
Titles in the series (100)
SP EP11 The Year Of The Brave Bear: Bernie Xiong: The Year Of The Brave Bear by The Contractor Fight with Tom Reber