2 Dec 2022

EP45: How Profitable Businesses Go Broke And How to Avoid It Happening to You.

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Episode 45: How Profitable Businesses Go Broke And How to Avoid It Happening to You.

To download your Profitable Tradie Cashflow Forecast template, CLICK HERE.

Cash is oxygen for your business. Without it you can’t pay your bills and you go broke.

Not knowing how much you’ve got coming in and going out is really risky.

That’s why this week Phil and I are going to show how to create a forecast that’ll help you smooth out your cash flow headaches.

It only takes 60 minutes to fill out. And will save you a lot of stress. 

Because when you know your cash flow, you’ll not get nasty surprises when your account hits $0.

And you’ll avoid the roller coaster that happens when your emotions are tied to your bank balance.

Plus you won’t find yourself making promises you can’t keep (like promising to pay people when there’s no way you can).

Believe it or not, having a good cash flow forecast can stop you going broke even if you’re running a profitable business (I’ve seen it happen many times before).

Let’s get into it…

WHAT YOU’LL GAIN FROM IMPLEMENTING TODAY’S PODCAST:

  • You’ll be proactive and planned
  • Take the emotion out of the bank account because there aren’t surprises
  • Keep your promises about payment
  • A whole lot less stress as you’re on the front foot with your cash flow.

LINKS MENTIONED IN THIS EPISODE:

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Find Out How These Strategies Fit Into Our Programs

The same theories covered in our blog posts are applied with templates, guides, and webinars within our Profitable Tradie programs. Accompanied with the support of coaches we use these strategies to overcome challenges and get results for our members. Find out what that might look like for your business.