#140: Business Basics: Why Cashflow Is Crucial, And How To Manage It Properly In Troubling Times
With unprecedented amounts of businesses shutting down worldwide, it’s time for us to talk about business basics.
For a business to make it through tough times, they have to have to understand cash flow.
Failing to understand why this is important, or how to have a positive cash flow, will result in an unstable business.
Listen now to find out how you can adjust your business practices to ensure you have a positive cash flow to keep your heads above water in 2020 and beyond!
In this episode you’ll discover:
What the #1 reason businesses go under is Why many businesses are facing the same problem right now (and how to overcome it) Why some business models are more prone to issues than others How to drum up demand for your services on the spot How to get guaranteed income Why it’s best to get paid in advance How deferring expenses can rescue your business Why downsizing is the best way to save most studio businesses Why flexibility is the key to a successful businessFor full show notes, go to www.thesixfigurehomestudio.com/140
If you want to suggest a guest, an idea for the podcast, or you have some general feedback, then you can submit that via email to podcast@thesixfigurehomestudio.com
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