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234. Cash Flow Part 2: What's Draining Your Store's Cash Flow? Identifying the Root Cause
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If you’ve ever faced a cash flow struggle, you know how much stress it can cause you. But before you address the issue, you need to identify the root cause. Are you truly dealing with insufficient income, financial mismanagement, or operational inefficiencies? Or are you experiencing seasonal cash flow crunches that are common in the retail world?
Listen in as I break down these four critical areas and provide insights into identifying what's draining your store's cash flow. Understanding your business's financial ebb and flow can seem daunting, but with awareness comes clarity. Let’s dismantle common myths about cash flow issues and explore strategies for overcoming them!
Plus, learn how normalizing cash flow crunches as a natural part of the retail cycle can help ease anxiety and promote smarter, more proactive financial management.
For show notes, including links to anything I mentioned in this episode, visit www.savvyshopkeeper.com/episode234.
Kathy Cruz is an Independent Retail Coach who helps store owners work smarter, profit more, and grow their brick and mortar businesses. Connect with Kathy and learn more here:
Website: Retail Business Coach For Brick & Mortar Store Owners • Savvy Shopkeeper Instagram: @savvyshopkeeper Mastermind Group: Master Shopkeepers
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