Are you making sales and growing your business but still wondering why there isn't more cash in the bank? In this episode, I break down why profitability doesn't always mean having cash readily available, especially when money has to go back into inventory, production, and growth before customer payments arrive. I share ways to navigate cash flow challenges, consider financing options, evaluate business investments, and plan for seasonal changes. Tune in to learn how to manage your cash flow and make intentional decisions that support your business's growth.
In This Episode, You Will Learn:
00:00 Why can you run a profitable business and still feel broke?
02:00 What makes cash flow different for product-based businesses?
03:45 How cash flow can become a bottleneck as your business grows.
06:45 The upfront costs of trade shows and the wait for wholesale payments.
08:00 How to protect profitability during slow months and busy seasons.
09:30 Ways to leverage money, from lines of credit to short-term financing.
12:00 How buy-now-pay-later options can help customers purchase higher-priced products.
15:45 What should you consider before making a major business investment?
17:15 The mindset shift from seeing every expense as a cost to evaluating its potential return.
18:45 How can you measure ROI, including the value of time saved?
20:00 Why paying for help can free you up to focus on higher-value work.
21:15 Why being cash-strapped doesn't automatically mean your business is broken.
22:00 How factoring may help cover production costs while waiting for customer payments.
Resources + Links
Ready to lead, run, and grow your product business beyond a million dollars, without being the bottleneck? Join me this week for a FREE workshop HERE!
Ready to stop guessing and follow a proven system? Book your strategy call HERE!
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Jacqueline on IG: @theproductboss