Common mistakes that are draining your cash flow |Finance Friday
Having positive cash flow is imperative to the success of your business. Without it, it’s very challenging to grow. Why? Because you won’t be able to expand into new geographical regions or hire additional labor to take on larger projects. Unfortunately, when we talk to subcontractors, a lot of them are making the same mistakes and it’s hurting their cash flow. We’ve identified 4 things that negatively impact your cash flow. Payroll, retainage, paying for assets with cash, and paying your bills too early. Listen to this week’s Finance Friday to learn about how you can avoid these mistakes.