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Five Minute Friday: It’s Not a Sales Problem, It’s a Spending Problem
Manage episode 488502848 series 2099681
Is your cash flow feeling tight but you’re still not paying yourself? In this episode of Five Minute Friday, Sara breaks down one of the most common retail traps: tying up cash in things that don’t bring you a return. From unnecessary trips to market to unused apps, pretty packaging, and impulse inventory buys, these hidden money leaks could be holding your business (and paycheck!) back.
You’ll learn:
How to spot dead cash in your business
What purchases to re-think or cut
How to create a more purposeful spending plan
Why paying yourself first needs to be a priority
What to do today to start freeing up money
Sara’s challenge for you? Take a look around, your cash is there, it just might not look like dollar bills yet.
433 episodes
Manage episode 488502848 series 2099681
Is your cash flow feeling tight but you’re still not paying yourself? In this episode of Five Minute Friday, Sara breaks down one of the most common retail traps: tying up cash in things that don’t bring you a return. From unnecessary trips to market to unused apps, pretty packaging, and impulse inventory buys, these hidden money leaks could be holding your business (and paycheck!) back.
You’ll learn:
How to spot dead cash in your business
What purchases to re-think or cut
How to create a more purposeful spending plan
Why paying yourself first needs to be a priority
What to do today to start freeing up money
Sara’s challenge for you? Take a look around, your cash is there, it just might not look like dollar bills yet.
433 episodes
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