Late Starters Club Podcast
Late Starters Club Podcast

This is the place for inspiration, motivation, and mindset resets. You will walk away ready to take action with practical and informative advice from some of the most amazing “Late Starters” on the planet.

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March 3, 2023

67: 4 Tips to Surviving a Cash Flow Crunch in Your Business – Quick Fix Friday

Late Starters Club Podcast

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A cash flow crunch in business can be a scary thing. In episode 64, I talked to my friend Susan Frew, who was a million dollars in debt in her heating and plumbing business. Hopefully, your cash flow crunch isn’t quite as bad as that. But in today’s Quick Fix Friday, I’m going to give you some tips on how to deal with a cash flow crunch.

4 Tips for Surviving a Cash Flow Crunch
  1.  What’s the “fastest path to cash”? Is there something you can launch or promote quickly that will help get you cash now?
  2. Offer a discount for paying up front.  Both for a new offering and for current clients.
  3. Put off payments on things that are non-essential
  4. Tap into a line of credit or change the way you pay your credit cards.  Only use this for temporary cash flow crunches.

So let’s dive in a little deeper.

 

Episode Resources

Catch up on the interview and my top takeaways in these other episodes:

Read The Transcript Here

 

Episode Sponsor

 

One-on-One Consulting for Facebook Ads or Digital Strategy. Do you want laser-focused advice on how to grow your business online?  Or maybe you need help with your ad campaigns so that you can get better results.  You can save HOURS of your time researching and guessing the right strategies and get FAST strategies that will directly impact your bottom line. Get more information on my one-on-one consulting sessions here: https://www.andreavahl.com/social-media-coaching

 

Watch The Episode Here

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Late Starters Club Podcast
Late Starters Club Podcast

This is the place for inspiration, motivation, and mindset resets. You will walk away ready to take action with practical and informative advice from some of the most amazing “Late Starters” on the planet.

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