Are you looking to supercharge the cash flow in your business? Having a healthy cash flow is essential for growth and expansion. While many consider price increases as the go-to solution, it's important to explore sustainable alternatives.
I'll delve into three practical and effective strategies that you can implement right away to increase the cash available in your business.
[1:28] Why a price increase is not always on the table to increase cash flow?
[2:24] Method #1 to increase cash in your business without raising the price - accounts receivable.
[3:40] Method #2 to increase cash in your business without raising the price - inventory.
[5:34] Method #3 to increase cash in your business without raising the price - paying your bills.
[7:00] Bonus tip to increase cash in your business without raising the price - passive income.
Endless Cash Course: https://www.keepwhatyouearn.com/endless-cash
Cash flow forecast template: https://www.keepwhatyouearn.com/cash-flow-forecast
* Related episodes:
Tips for Negotiating Business Deals
Which Financial Professionals Do You Need in Your Business?
How to Build a Solid Financial Foundation in Your Business
* Find everything you need at https://www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/
* Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa
* Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so/
* Hire us: https://www.fitnancialsolutions.com/accounting
* See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator
* Find me on IG https://www.instagram.com/shannonkweinstein/
* Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
* Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.