Why I Do It? Podcast

Cashflow

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They say that cash is king, but why is that?


In this episode, John Paul talks you through the basics when it comes to keeping cashflow – why you should always keep some cash in the game, and how you can make sure you always have more of it!

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KEY TAKEAWAYS

 

  • Cashflow can mean the death of any business if not handled properly. Keeping cash in the background can make the difference between survival and thriving.
  • Make a plan – a realistic, paper-based plan, whereby you map out every pound spent and earned. And stick to it!
  • Hidden costs can spring up at the most inopportune times. Before you know it, you can go from the black to the red. Plan as far ahead as you can.
  • When making large purchases for your business, don’t always be tempted to spend cash reserves. Instead look for low-interest finance options, and keep that cash in the bank.

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    BEST MOMENTS

     

    ‘One of the most important things in business is cashflow. If you don’t get that right, your business will go under’

    ‘It’s so, so important that you get this right!’

    ‘It cost me thousands in the early days, from making these mistakes’

     

    ABOUT THE HOST

     

    John Paul Reilly is dyslexic business man who left school just before his 16th birthday, barely able to read and write, to the point that at exam time one of the teachers had to read the questions out to him (and then write down his answers).

     

    Written off, like most kids who struggled at school, and being told by his woodwork teacher he was “nothing, and would amount to nothing” he now runs a multi award-winning company in the construction industry .

     

    A loud but shy person who knew he wanted to achieve great things with no clue what business he wanted to do but knew that’s what he wanted. With his first business started at age 14, to now, he has learned most things the hard way.

     

    Now the owner of multiple business with one being multi award winning, John Paul has been in business over many years sharing what he has learned over this time mainly the hard way.

     

    CONTACT METHOD

     

    LinkedIn - https://www.linkedin.com/in/john-paul-reilly-29896556/?originalSubdomain=uk

    Facebook - https://www.linkedin.com/in/john-paul-reilly-29896556/?originalSubdomain=uk

     

    This show was brought to you by Progressive Media

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    Why I Do It? PodcastBy John Paul Reilly