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222. What to do when you're short of cash
Manage episode 426780238 series 3465188
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Struggling with cash flow is overwhelming, exhausting, and can lead us to making decisions we regret. In this episode, I’m sharing my own experience with cash flow struggles, and what I wish I had known when I was running my first business.
If your store earns 6-7 figures annually and you answer “yes” to any of these questions, this episode is for you:
- Are your inventory purchases eating up cash you need for operating?
- Are your debt repayments eating up the cash you need for operating?
- Is your profit too small to cover your operating expenses?
When your cash is really tight, it’s scary. And our first impulse is often to rush in and fix it. Listen in and learn what NOT to do when you’re short of cash, and exactly what you should be doing instead.
RELATED LINKS:
A Lesson On Fixing Your Cash Flow: https://thesocialsalesgirls.com/a-lesson-on-fixing-your-cash-flow-episode-166/
3 Things You Can Do Today To Be More Profitable: https://thesocialsalesgirls.com/3-things-you-can-do-to-be-more-profitable-today-episode-219/
Formula For An Easy Collaboration You Can Do This Month: https://thesocialsalesgirls.com/the-formula-for-an-easy-collaboration-you-can-do-this-month-episode-215/
How To Create Profit Goals: https://thesocialsalesgirls.com/how-to-create-profit-goals-episode-209/
How To Get Control Of Your Cash: https://thesocialsalesgirls.com/how-to-get-control-of-your-episode-158/
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