What is cash flow? Why is it important? And why should I care? If you can’t answer these 3 questions you are what we call in the industry, out of business! In this episode, Stephen answers these questions and gives you the nut and bolts for cash flow management.
Are you living life at 40%? Take your life and business to the next level 1 on 1 coaching with Stephen
1- Take responsibility
Episode 38 No Excuses
2- Use booking software not a shoebox
3- Pay attention
-How much cash is on hand
-Payroll taxes due for next month
-Sales taxes due for next month
-Total bills due, bills due this week, is there a large bill or expense that I need to have money set aside for?
- If you get a large deposit for a job, set money aside for materials and other job expenses even if you “have other money coming in” don’t count on money that you don’t have in your bank account.
4- Have an accountant in your corner
5- Plan ahead
6- Avoid debt
Get The Successful Entrepreneurs Blueprint!
Join The Blue Collar Business Academy
Join our Facebook group, The Blue Collar Business Academy
Stephen's email connect@stephencapps.com
Work with Stephen 1 on 1
Stephen's website: https://www.stephencapps.com/
Pull Up And Thrive store
Servant Warrior T-Shirt
Instagram: https://www.instagram.com/_stephencapps/
Stephen's Youtube channel
Stephen's Linkedin
Stephen on TikTok
TX Gates' website www.tgates.com
Handyman website www.calltxgates.com
What is cash flow? Why is it important? And why should I care? If you can’t answer these 3 questions you are what we call in the industry, out of business! In this episode, Stephen answers these questions and gives you the nut and bolts for cash flow management.
Are you living life at 40%? Take your life and business to the next level 1 on 1 coaching with Stephen
1- Take responsibility
Episode 38 No Excuses
2- Use booking software not a shoebox
3- Pay attention
-How much cash is on hand
-Payroll taxes due for next month
-Sales taxes due for next month
-Total bills due, bills due this week, is there a large bill or expense that I need to have money set aside for?
- If you get a large deposit for a job, set money aside for materials and other job expenses even if you “have other money coming in” don’t count on money that you don’t have in your bank account.
4- Have an accountant in your corner
5- Plan ahead
6- Avoid debt
Get The Successful Entrepreneurs Blueprint!
Join The Blue Collar Business Academy
Join our Facebook group, The Blue Collar Business Academy
Stephen's email connect@stephencapps.com
Work with Stephen 1 on 1
Stephen's website: https://www.stephencapps.com/
Pull Up And Thrive store
Servant Warrior T-Shirt
Instagram: https://www.instagram.com/_stephencapps/
Stephen's Youtube channel
Stephen's Linkedin
Stephen on TikTok
TX Gates' website www.tgates.com
Handyman website www.calltxgates.com