EP104: Avoiding Cash Flow Pitfalls

You landed a million dollar project, but the money will only come later. So how much do you have right now to cover expenses incurred before that check clears? Because it’s not just about how much you’re bringing in but the amount of money coming in on time for the amount that has to go out. So in this episode, Keila talks cash flow - why it’s important, what you need to pay attention to, and the pitfalls she sees many entrepreneurs fall into. An episode not to be missed for all small businesses with ebbs and flows working on a project or launch basis. KEY POINTS: Why your small business needs a cushion Double counting sales and outstanding invoices How Little Fish strategizes cash flow QUOTABLES: “So what does all of this mean? Well, cash is king.” - Keila RESOURCES: Like what you’re hearing? Check out Little Fish Accounting at: www.littlefishaccounting.com Learn more about Little Fish’s suite of services and get access to new goodies by signing up for our newsletter: mailchi.mp/littlefishaccounting/social Follow Little Fish Accounting on social media! IG | instagram.com/littlefishaccounting The Fish Food Podcast is edited by Instapodcasts (visit at instapodcasts.com)
You landed a million dollar project, but the money will only come later. So how much do you have right now to cover expenses incurred before that check clears? Because it’s not just about how much you’re bringing in but the amount of money coming in on time for the amount that has to go out. 

 
So in this episode, Keila talks cash flow - why it’s important, what you need to pay attention to, and the pitfalls she sees many entrepreneurs fall into. An episode not to be missed for all small businesses with ebbs and flows working on a project or launch basis.

 
KEY POINTS:
Why your small business needs a cushion 
Double counting sales and outstanding invoices 
How Little Fish strategizes cash flow 
QUOTABLES:
“So what does all of this mean? Well, cash is king.” - Keila  

 

RESOURCES
Like what you’re hearing? Check out Little Fish Accounting at www.littlefishaccounting.com or on Instagram.

Connect with Keila!
LinkedIn
www.krht.co
The Fish Food Podcast is edited by Instapodcasts (visit at instapodcasts.com)

Creators and Guests

Keila Hill-Trawick, CPA, MBA
Host
Keila Hill-Trawick, CPA, MBA
Helping entrepreneurs create and maintain the business they want | Building to Enough | LinkedIn Top Voice | Intuit Partner Council | Accounting Firm Owner
EP104: Avoiding Cash Flow Pitfalls
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