As an entrepreneur, you’re likely familiar with the Small Business Administration statistic that says the majority of small businesses fail within five years.
Of those that fail, 82% of them fail for the same reason. This reason doesn’t depend on the size of the business, the experience of the owners, the industry the business is in, or what the business sells or provides.
Yet this thing, leaving aside all of those factors, is powerful enough, by itself, to cause a very high number of businesses to fail.
What is this thing?
Lack of adequate cash flow.
You might have heard this before, but I want to explain cash flow to you in a slightly different way; one that is more subtle than you might have heard before.
When most entrepreneurs hear the term ‘cash flow’, they immediately think of money coming in and money going out. And this is true, but not complete.
The other aspect of cash flow is the timing of money flow- that is, when does the money come in and when does it go out?
Because in some cases where there appears to be a cash flow problem, there’s really a cash flow timing problem.
This is why, when I work with entrepreneurs to increase their cash flow, we look at 14 key areas for driving more profit in their business. These are strategies which have been responsible for increases of $10,000 to $70,000 in just a few weeks; with ongoing increased profitability from there.
Cash flow challenges are nothing to be ashamed of; there has yet to be one entrepreneur I’ve ever met who doesn’t worry about cash flow and their business cycle of earning.
Profitability is one of my favorite things to consult on, and it’s the initial focus of my upcoming P3 Mastermind.
If you are struggling with creating regular and consistent cash flow in your business, I’d invite you to consider working with me on this within the mastermind context. You will learn how to think about profitability and how to generate more profitability in your business within the next few months.
Your cash flow can improve- and this is something you want to address sooner rather than later. Because, for 82% of businesses, later becomes too late.
Please learn more and apply: