The Cash Flow Trap - Why Profitable Businesses Still Go Broke | The K Cup Episode 22

Send a textIn Episode 22 of the K Cup, Jon Kelly & Joe Nortrup discuss the importance of cash-flow in business. Jon & Joe lay out 3 key ways in which a business owner can manage their cash in a proactive way, rather than having their cash, or a lack there of, manage them. This episode is a "must see" or "hear" business survival guide for one of the most important aspects of business... "cash-flow."Chapters00:00:02 Introduction to the Cash-Flow Trap00:01:09 Jon & Joe Start the Show00:02:03 Point 1: Understanding the Difference Between cash-Flow & Profit00:10:30 Point 2: Creating Financial Buffers for Irregular Income00:15:45 Point 3: Smoothing Out the Feast or Famine Cycles00:24:00 Joe Reviews All 3 Points for Avoiding the Cash-Flow Trap Before Jon's Final Thoughts00:25:01 Jon Delivers His Final Thoughts00:26:43 Joe's Final Thoughts and His Call to Action00:27:29 Joe Highlights Our Complimentary Pre-Construction ServicesHashtags#generalcontractorsbatonrouge #theKCupPodcast #constructionpodcast #howto #business #KellyConstructionGroup #Louisiana #commercialconstruction #contractor #building #buildingdesign #architecture #designbuild #AIA #commercialrealestate #commerciallending #creprofessionals #developers #CREinvestors #entrepreneur #entrepreneurship #businessstrategy #collaboration #collaborativebusinessecosystem #essentialnetworkingsystem #collaborativeconsumerengagement #prominentpersonofimpact #buildyourbrand #brand #joenortrup #jonkelly #cashflow Keywordsgeneral contractors baton rouge, commercial construction, business strategy, business, start a business, start your own company, start a construction company, builder insights, contractor insights, contracting business, entrepreneur, entrepreneurship, commercial construction industry, architecture, commercial real estate, commercial lending, brand building, Joe Nortrup, Jon Kelly, cash flowTakeaways* Learn that there is a distinct difference between the terms "cash-flow" and "profit."* Learn how to manage your money for success in business. Understand that cash-flow and profit move through your books differently, both in different ways and at different times.* Learn how even your most profitable months can leave you without any cash-flow.* Learn what a "dashboard" is in business and how this simple tool can help you manage and track your company's cash-flow easily.* Learn how to create financial buffers that will make managing the money your business takes in much, much easier.* Learn when and why you need to save in reserve 3-6 months of operating costs.* Learn how to smooth out the feast or famine cycles of your business by developing recurring monthly income as a basis for stability while working on "contract" driven projects for larger chunks of revenue.Websitewww.kellyconstructiongroup.com