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198 | 5 Truths About Cash Flow in Retail
Manage episode 418521523 series 3466336
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How do you find managing cash flow in your business?
If it is something that comes to you easily, you may be surprised to hear that you are definitely in the minority.
If you're one of the people who feels like cash flow is stressful and everybody else has it figured out, then I can promise you it is not the case.
Over the last few weeks, I have spent some time talking to retailers one-on-one about how they manage their cash flow in their business. And it has been absolutely fascinating
If you are feeling like cash flow is a bit stressful I want to let you know that there is a way forward, it is possible to have a business where you can feel in control of your cash flow. I'm working on a new service that I will be launching later in the year. If you would like to learn more as details are released please sign up for the waitlist. https://futureretail.lpages.co/feel-good-business/
Let’s get into this episode:
[00:00] 5 Truths About Cash Flow in Retail
[02:54] What is cash flow exactly?
[04:40] What does good cash flow management look like?
[06:56] What does it look like when you don't have a handle on your cash flow?
[08:54] 5 truths about cash flow management that I learned from retailers
[09:06] Truth #1: If you are feeling in control of your cash flow, then you are in the minority.
[09:58] Truth #2: Everyone believes that everyone else is managing their cash flow better than they are.
[11:26] Truth #3: Your accountant might not be giving you all the services you need to manage your cash flow.
[12:33] Truth #4: Retailers have a lot of information, but they don't always know what to do with it (Or how to take action based on the information)
[14:08] Truth #5: Retailers want to know how do they compare to everyone else or at least understand how other retailers are managing their cash flow.
[15:02] This is what I want you to take away from my cash flow research
Get all of the details and resources on our website at: https://www.resilientretailclub.com/podcast-episode/5-truths-about-cash-flow-in-retail/
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