The Cash Flow Contractor

Are you using your extra cash from PPP, EIDL, and ERC extra tax credits correctly and wisely? As business owners we are visionaries and sometimes capital is the restraint. Listen to today's episode to understand if your capital is truly capital and how you should address this money in your business. Start listening right now!

Show Notes


Show Notes

  • 02:33 - What’s The Point Of Deploying Capital?
  • 04:49 - Making Sure It's Capital
  • 07:51 - You Have The Capital, But What Now?
  • 09:12 - Avoiding Snap Decisions 
  • 10:52 - What Is Working Capital?
  • 12:23 - Determining Your Capital 
  • 15:44 - Borrowing Hesitations 
  • 17:59 - Prioritize The Plan Not Your Feelings 
  • 20:26 - The Value Of Cash Reserves 


Quotable Moments

  • “Having an unexpected big cash balance can be a really dangerous thing.” - Martin
  • “Just because you have a big receivable, doesn’t mean it’s capital.” - Khalil
  • “Working capital is a difference between your current assets and your current liabilities.” - Martin
  • “Plans are worthless. Planning Is Everything.” - Martin



Resources



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What is The Cash Flow Contractor?

If you’re like most contractors we know, then you started your business because you’re passionate about and great at your craft. You also wanted to be your own boss. Owning a business has a lot of advantages, but also a lot of challenges.

We started this podcast to talk about things that matter to you as an owner, like business fundamentals, sales processes, marketing, leadership, and much more. Armed with knowledge, you’ll be able to reach your goals, whether that’s growth, getting your shop to run without you, or anything in between.