Manage episode 493245864 series 3401425
In this episode, we dive deep into the common causes of cash flow problems—and more importantly, how to fix them. If you're feeling the pressure of tight cash or unpredictable income, this episode is packed with practical, actionable strategies to help you regain control. From forecasting and pricing to retainers and client follow-ups, learn the 10 steps you can take today to stabilise your finances and strengthen your business over the next 90 days.
Whether you're a service-based business, a product supplier, or managing project-based work, there’s something in here to help you improve your cash position and run a more financially resilient business.
What You’ll Learn in This Episode:
🔍 Why Cash Flow Issues Happen
- Slow-paying clients
- Lack of forecasting
- Poor pricing or shrinking margins
- Scope creep and hidden project costs
- Invisible recurring expenses
- Emotional denial or panic responses
💡 10 Ways to Improve Cash Flow in the Next 90 Days
- Do a cash flow forecast
- Track recurring/hidden costs
- Negotiate with creditors
- Raise your prices
- Shift to retainers
- Charge upfront for projects
- Offer early-payment discounts
- Set and enforce clear payment terms
- Re-engage old clients
- Ask for referrals
Key Takeaway:
Cash flow issues are common, but they’re also a sign it’s time to build a more structured, sustainable business model. By taking a few of these simple, consistent steps over the next 90 days, you can shift from reactive to proactive—and create a stronger financial foundation for your business.
Connect with The 7% Club:
📣 Share this episode with a fellow business owner who could use a cash flow boost
💬 Got questions or feedback? Reach out and join the conversation
🌐 jennystilwell.com.au
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💡 Need help scaling your business from 7 to 8 figures? Get in touch [email protected]
Remember: Better strategy, better business, better life! See you next time!
44 episodes