How to have confidence on your cashflow

In this episode, Kerry Postel continues the conversation about Brian, who owns an electrical business. The focus of this episode is cash flow, which is a major issue for many businesses. Kerry emphasizes the importance of tracking cash flow and knowing where your money is going. She suggests creating a cash flow spreadsheet to forecast income and expenses, as well as building a financial reserve for emergencies. Kerry also recommends creating a budget to anticipate expenses and stay on track financially.

Takeaways

✅ Cash flow is a major issue for businesses and needs to be actively managed.

✅ Tracking cash flow and knowing where your money is going is crucial for business success.

✅ Creating a cash flow spreadsheet can help forecast income and expenses.

✅ Building a financial reserve can provide a safety net for unexpected expenses.

✅ Creating a budget helps anticipate expenses and stay on track financially.

If you are ready to know your numbers and take the next step then go to https://constructionprofitfirst.com/profitcall and schedule your 15 min call with Kerry - have a conversation to see if we are a good fit.