Getting to the Bottom Line: Conversations to help business owners maximize revenue, profit, and cash flow
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6 Cash Flow Drivers Every Owner Should Know
Manage episode 515480491 series 3576235
Struggling with cash flow in your business—even though you're making sales? In Episode 33 of Getting to the Bottom Line, host Stephanie Smith is joined by co-owner and guest Kris Smith to break down the 6 essential cash flow drivers every business owner needs to monitor to stay profitable and sustainable.
Whether you're sending invoices, managing inventory, buying assets, or figuring out when to pay bills, this episode dives into how to strategically manage your cash so you're not constantly scrambling to make ends meet. With practical insights and real-life examples, Stephanie and Kris cover:
- How to reduce Days Sales Outstanding (DSO) and get paid faster
- Managing Days Inventory Outstanding (DIO) to avoid tying up cash
- Smart asset purchases and sales to boost liquidity
- How to time your vendor payments for maximum cash control
- Strategic use of debt and aligning payment schedules
- Balancing owner distributions and contributions to avoid cash strain
If you're ready to take control of your business finances and keep more of what you earn, this episode is packed with CFO-level advice delivered in a clear, non-jargony style.
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My name is Stephanie Smith, owner of New Light Financial Solutions, and we help business owners walk the one clear path to generating more cash in their business. To learn more, visit us online at https://newlightfs.com/
Sign up for our newsletter for more great tips on how to keep the cash flowing in your business: https://newlightfs.com/newsletter/
Need help generating more cash in your business? Book a right fit call with us today: https://newlightfs.com/rightfit
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