))
Cashflow: Why Cash is NOT King
Manage episode 458766582 series 3613172
المحتوى المقدم من Kenny Chapman and Chris Crew. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Kenny Chapman and Chris Crew أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.
How many times have you heard the saying “cash is king?"
But what if someone told you that that’s just a myth ready to be debunked?
In this episode, Kenny Chapman and Chris Crew tackle the myths surrounding cash flow and discuss cash confidence, creating a 90-day cash buffer, having an abundance mindset, and explain why “cash is NOT king.”
Tune in to learn how to keep your business thriving no matter the economic climate.
- In today’s episode co-hosts Kenny Chapman and Chris Crew talk about cash flow and why cash ISN’T king.
- Kenny touches upon the shift that’s currently taking place in the blue collar trade.
- Chris shares what “cash is king” meant to him in the 1990s – and explains why POSITIVE cash flow is king.
- Kenny brings up the concept of cash confidence, the confidence in your ability to generate the cash that you need.
- Chris doesn’t believe that knowledge is power…it needs to be turned into action.
- Remember: truth is knowledge but wisdom is the application of knowledge.
- If you’re saying “my business is debt-free!”, there’s something you’re forgetting.
- Kenny opens up about what a friend from the financial planning space told him about being afraid to “party with his cash.”
- Not being able to manage cash is something Chris sees as a cause of many blue collar businesses going belly up.
- Following Chris’ 90-day cash “buffer” is an advice that saved one of the Blue Collar Success Group’s clients from having his business being forced to close its doors.
- Are you looking for a way to take cash and let it still be working for you without it being tied up? Look at money markets!
- Chris invites you to avoid having such a scarcity mindset that you end up sitting on cash all the time.
- Unlocking an abundance mindset will become a game-changing move for every home service business owner.
- Kenny takes back the curtain on what the “best operator” he had ever met told him.
Mentioned in This Episode:
HomeServiceBusinessSuccessShow.com/8
HSBS episode 7 - HomeServiceBusinessSuccessShow.com/7
Happy Money: The Japanese Art of Making Peace With Your Money by Ken Honda
Blue Collar Success Laws: Your No-Nonsense Guide to Problem-Solving, Productivity, & Profit by Kenny Chapman
9 حلقات
مشاركة
