041. The Financial Warning Signs Most Business Owners Ignore Until It’s Too Late
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Your business usually doesn’t get into financial trouble overnight. The warning signs show up first.
The problem? Most business owners are so busy running jobs, managing employees, dealing with customers, and putting out fires that they don’t realize what those warning signs are telling them.
In this episode of Profit Isn’t an Accident, Shannon Howard breaks down the financial warning signs contractors and trades business owners should be watching; including:
Why strong revenue doesn’t always mean strong cash flow What it means when the next job is paying for the last one Why making payroll shouldn’t depend on the next customer payment How debt can hide an operating problem Why you need to know which jobs are actually profitable How business growth can make cash flow worse The danger of avoiding your numbers when something feels wrong
YOUR HOMEWORK: Take 20 minutes and look at your cash, debt, accounts receivable, last three months of profit and loss statements, and your last five completed jobs.
Ask yourself: Is cash growing? Is debt growing? Are customers paying slower? Are my jobs producing the profit I expected? Am I actually keeping more money as revenue grows?
Don’t wait until a small financial warning becomes a big financial problem. Want help figuring out what’s really happening inside your business?
Book a Profit Acceleration Session with Denali Edge Consulting: www.denaliedgeconsulting.com/pas