EP104: Avoiding Cash Flow Pitfalls

You landed a million dollar project, but the money will only come later. So how much do you have right now to cover expenses incurred before that check clears? Because it’s not just about how much you’re bringing in but the amount of money coming in on time for the amount that has to go out.  So in this episode, Keila talks cash flow - why it’s important, what you need to pay attention to, and the pitfalls she sees many entrepreneurs fall into. An episode not to be missed for all small businesses with ebbs and flows working on a project or launch basis. KEY POINTS:Why your small business needs a cushion Double counting sales and outstanding invoices How Little Fish strategizes cash flow QUOTABLES:“So what does all of this mean? Well, cash is king.” - Keila   RESOURCESLike what you’re hearing? Check out Little Fish Accounting at www.littlefishaccounting.com or on Instagram.Connect with Keila!LinkedInwww.krht.coThe Fish Food Podcast is edited by Instapodcasts (visit at instapodcasts.com)