TCF730: Money Mindset: How to Improve Cash Flow During a Recession

Good cash flow is the straw that stirs the drink. But it’s a lot easier said than done, right? Join Tom as he shares some helpful insights on ways that you can improve your cash flow and be profitable regardless of whether you’re in a recession or not.

Conversation Highlights:

[00:00] – Intro

[02:28] – Improving your cash flow during a recession

[03:28] – Reasons why cash flow is crucial to your success

[10:26] – Pay attention to your contract terms for improving cash flow

[11:47] – Consider early pay discounts

[12:59] – Pay your bills as late as you can

[14:02] – Send invoice right after the project is done

[14:29] – Keep track of your obligations daily 

[15:34] – Increase your rates

[16:06] – Upsell your service

[16:48] – Have a weekly money meeting

[18:40] – There are no days off for a small business owner

Resources: 

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