206. Relay Financial: A Cash Flow Tool for Independent Retailers

Managing cash flow is a difficult task for most indie retail store owners, but it doesn't have to be! I'm excited to share a virtual banking solution that helps you automate your cash flow management: Relay Financial. When I first read Profit First, I was skeptical. The cash flow management system proposed in the book required setting up multiple bank accounts. When I finally took the plunge and implemented it, though, it made all the difference in the financial health of the store I co-owned with my sister and Savvy Shopkeeper.  I wish Relay Financial had been around when I first set up my Profit–First-style cash management system—it would have made things so much easier!  Listen in to learn more about how to ease your cash flow angst by managing your retail business's cash flow with the Profit First method and the official Profit First banking platform, Relay Financial. Visit www.savvyshopkeeper.com/episode206 for show notes, including links to anything I mentioned in this episode. Kathy Cruz is an Independent Retail Coach who helps store owners work smarter, profit more, and grow their brick and mortar businesses. Connect with Kathy and learn more here: Website: Retail Business Coach For Brick & Mortar Store Owners • Savvy Shopkeeper Instagram: @savvyshopkeeper Mastermind Group: Master Shopkeepers