Improving Cash Flow for a Blue Collar Business
At a Glance
This client knew that they should be taking home more money but didn’t understand their current financial situation or how to improve it.Challenges
This client had a successful landscaping business that was grossing around $1M annually. While they were grossing quite a bit of money, their take home pay was low and they weren’t sure where all the money was going. There were also inefficiencies in the business that costed hundreds of thousands of dollars each year and dozens of work hours each week.
The Solution
We first set up weekly meetings with the client to educate them on their financial situation. Then, we created a spreadsheet which included all debt and set up a payment schedule. Next, we set up business practices that lowered past due accounts receivable, increased cash flow, and cut expenses.
