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Profit First and Unexpected Expenses
Manage episode 342332842 series 3314227
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We're talking about Profit First again this week, with a focus on those unexpected expenses that inevitably pop up in your construction business. Rob, Wade, and Stephen discuss the three steps you should take to address a cash flow shortage and how to prepare for similar situations in the future with the Profit First system.
Topics we cover in this episode include:
- How Profit First is an early warning system for cash flow issues
- How to address an unexpected expense in the short-term without wrecking your cash flow
- Defining the unexpected expense and whether you can avoid it in the future
- How to set yourself up to deal with unexpected expenses in the future
LINKS
Visit the episode page at https://contractorsuccessforum.com/shortage for more details and a transcript of the show.
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum
FIND US ONLINE
Rob Williams, Profit Strategist | IronGateESS.com
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.com
Join the Profit First for Construction community!
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
챕터
1. Profit First and Unexpected Expenses (00:00:00)
2. Profit First Basics (00:00:53)
3. How to avoid unexpected expenses wrecking your cash flow system (00:02:56)
4. Define whether the expense is something you can anticipate in the future (00:03:56)
5. How Profit First alerts you to issues early (00:05:50)
6. How to immediately deal with the cash flow shortage (00:08:26)
7. Where to take money from to cover cash flow shortages (00:08:46)
8. Uncovering why the unexpected expense occured (00:12:17)
9. Long-term solutions for better cash flow (00:15:19)
238 에피소드
공유
