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203 | 5 Elements for Better Retail Cash Flow (SHOPS)
Manage episode 424509172 series 3466336
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How do you improve the cash flow in your independent retailer or e-commerce brand?
I want to introduce you to an acronym that I came up with to talk about the different elements that make up the cash flow in your business. And that, appropriately enough, is SHOPS.
And in today's episode, I'm going to talk you through the five different elements of SHOPS and how each one has its part to play in cash flow.
If you want to improve the cash flow in your business, by the end of this episode you should know where to start and what you might need help with.
[00:00] 5 Elements for Better Retail Cash Flow (SHOPS)
[01:42] What is the meaning of cash flow
[03:34] SHOPS - The elements for better cash flow
[04:10] S if for Sales
[06:29] H is for Having a cash flow map
[10:23] O is for Overheads
[11:56] P is for Profit
[13:13] S is for Stock
[13:40] What I look at when people come to me with a cash flow issue
[16:26] Do you want help managing your cash flow?
Links:
Learn more about my mastermind for product business owners: https://www.resilientretailclub.com/retail-business-mentoring/
Related Episodes:
Ep198: 5 Truths About Cash Flow in Retail - https://www.resilientretailclub.com/podcast-episode/5-truths-about-cash-flow-in-retail/
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