Cash Flow Confessions: "I Was $150,000 in Debt in Six Months" with Dr. Angela Mulrooney
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What happens to your cash flow when the business depends on you... and suddenly you can't show up?
In this episode of Cash Flow Confessions, Stephanie talks with Dr. Angela Mulrooney, a former dentist turned serial entrepreneur and founder of Unleashing Influence, Inc. Angela built a thriving dental practice in Calgary that specialized in patients who were terrified of the dentist. Other dentists referred their most anxious patients to her. Then an injury ended her career overnight.
Her revenue went from fully booked to almost nothing. A team member told patients she'd be back in a month (she wouldn't be), so most of them waited. Angela kept her whole team on full time anyway. Within six months, the savings were gone and she was $150,000 in debt, just one week away from handing her keys to the bank.
The practice did recover. It got back to almost her pre-injury numbers. But Angela stayed in survival mode for two and a half more years, holding on because everyone around her told her to, while her gut was telling her it was time to get out.
This is an honest conversation about cash flow, fear, and what happens when you stop listening to yourself. Angela shares what she'd tell any business owner whose numbers are heading the wrong way: go back and look at what you were doing (and how you were thinking) when the business was working, and calm down enough to see the opportunity in front of you. If you've ever made financial decisions from a place of panic, this episode is for you.
Connect with Dr. Angela Mulrooney online:
- LinkedIn: https://www.linkedin.com/in/angelamulrooney/
- Website: https://www.unleashinginfluence.com/
- The Unleashing Influence System: https://app.unleashinginfluence.com/
We want to hear from you! Send us a message.
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My name is Stephanie Smith, owner of New Light Financial Solutions, and we help business owners walk the one clear path to generating more cash in their business. To learn more, visit us online at https://newlightfs.com/
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Need help generating more cash in your business? Book a right fit call with us today: https://newlightfs.com/rightfit
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Want to be a guest on Getting to the Bottom Line: Conversations to help business owners maximize revenue, profit, and cash flow? Send Stephanie Smith a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/newlightfs
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