What’s the Difference Between Profit and Cash Flow?
“Julie, I don’t understand. We had one of our best months and our P&L says we have profit, so why is the cash in the bank so low?” I’ve heard some version of that question more times than I can count when I first start working with business owners. In one coaching conversation, a business […]
7 Ways to Increase Cash Flow in Your Business Without More Sales
When cash gets tight, the default instinct for most business owners is to chase more sales. But here’s the truth: increasing sales doesn’t always mean increasing cash flow in your business—especially if you’re underpricing, over-discounting, or burning through resources. If you’re serious about improving your financial position, there’s another approach that doesn’t require you to sell more, […]
How to Know if You Should Increase Your Prices
Is it time to raise your prices? I often see entrepreneurs struggle with the decision of whether or not to increase their prices. It’s a crucial step in ensuring the sustainability and growth of your business. Here are four key indicators that it might be time for a price hike: Increased Costs If your operating […]