Most contractors are great at building. Terrible at keeping money.
In this episode, Derek sits down with Michael from Blue Raven Accounting — Your Haven’s long-time financial partner — to break down the exact strategies that helped Your Haven grow to nearly 100 team members, cross multimillion in revenue, and build a six-figure cash reserve. All without taking on a single loan.
This isn’t accounting theory. It’s the real system: daily cash flow reports, high-yield savings accounts, monthly budget meetings, accrual-based bookkeeping, and the mindset shift that separates businesses that survive from ones that thrive.
Whether you’re at $500K or $5M in revenue, the fundamentals in this episode will change the way you think about money in your business.
What you’ll learn:
- Why accrual accounting saved Your Haven from a massive tax bill on multimillion in revenue
- The exact date Your Haven opened a high-yield savings account — and how $1,500 turned into a six-figure reserve in 14 months
- What a daily cash flow report is and why it’s the “gas meter” of your business
- How to separate your operating account from savings so you stop accidentally spending your reserves
- The one meeting every month that keeps spending on track without killing growth
- When to start saving vs. when to pay down debt first
- What to do with excess capital once your savings are funded
Featuring: Michael from Blue Raven Accounting
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Follow Your Haven: @yourhavendesign
Follow Derek: @derekclelan
Your Haven is the 3D Design Partner for outdoor living contractors.
If you want help getting your books right, reach out to Blue Raven and mention Your Haven.