If I told you your trades business was a bank, you’d think I was crazy.
But if you’re paying for materials, wages, tools and equipment upfront while customers wait weeks or months to pay, you’re acting just like a bank. Only one that doesn’t charge interest.
In this episode, Phil and I break down the 6 cashflow techniques that $20M+ trades businesses use to keep their cash flow strong:
- The Boss You Didn’t Hire
- Don’t Fund the Job
- The Invisible Loan
- Make It, Don’t Move It
- Speed Kills
- Rules, Not Moods
P.S. #6 is the one nobody wants to do. It’s also the one that gets cash into your account this month.
WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST:
- The simple move that gets customers paying for materials before you start
- How to avoid the trap that makes your best client your biggest cash flow risk
- The timing trick that makes customers far more likely to pay
LINKS MENTIONED IN THIS EPISODE:
- Claim a Free Planning Session to learn what coaching could do for your business
- Subscribe to our YouTube Channel
- New Book 'Built to Run' is now live, order your copy here
Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.
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