Common Cash Flow Mistakes That Can Sink Your Business – And How to Fix Them | 729

"Cash flow is the lifeblood of your business. If you don't understand it, you won't be in business very long." - Harry Cendrowski

What You’ll Discover Today:

Cash flow is critical to the success and survival of any business. Yet, many business owners make costly mistakes that threaten their financial stability. In this episode, we dive into the most common cash flow mistakes and, more importantly, how to fix them. Harry Cendrowski of Cendrowski Corporate Advisors brings his wealth of experience to help you get a handle on your cash flow and keep your business on solid ground.

Key Topics Discussed:
  • What is cash flow, and why is it so important?
  • The most common cash flow mistakes businesses make
  • How failing to enforce payment terms can spiral into financial trouble
  • Creative ways to improve cash flow, including requiring deposits and progress payments
  • Strategies to prepare your business for economic downturns
  • The importance of maintaining access to capital through lines of credit
  • How cash flow management differs for product-based vs. service-based businesses
  • Managing cash flow in seasonal businesses
  • Key performance indicators (KPIs) to monitor cash flow health
Links and Resources:
Call to Action:

Don’t let cash flow issues sink your business. Take control today by implementing the strategies shared in this episode. If you need expert advice tailored to your business, reach out to Harry Cendrowski and his team at Cendrowski Corporate Advisors. Your business depends on it.
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