166. A Lesson on fixing your cash flow

Recently I recorded a podcast episode about cash flow, and how Ecommerce store owners often don’t understand why they are chronically short of cash in their businesses. After the episode was released several store owners reached out to me to share their struggles with cash flow. Some were looking for advice, but many just wanted to express their thanks for normalizing a topic that is embarrassing and often creates feelings of failure. Karen Steuer is a long time client, and owner of Tangled Roots Herbal, a multi six figure business that includes a brick and mortar location and an ecommerce shop. Karen has been struggling with cash flow for some time, and needs some advice. She’s at the point where she’s exhausted by the stress, and wants to solve her cash flow problem this year, even if it means that she needs to make some hard decisions. I asked Karen if she’d be willing to jump on a call with me so I could have a look at her current situation and give her some recommendations about how she can create a plan to move forward with more cash in her business. Karen has generously allowed me to share our conversation. We agree that any store owner can follow the process we used to check the financial health of their business. Listen in to learn: How to find the cause of your cash flow shortage. Why cutting expenses is not a long term solution. The pricing mistake that will kill your business. Plus, the steps Karen needs to take before she can be cash flow positive. Episode website: https://thesocialsalesgirls.com/a-lesson-on-fixing-your-cash-flow-episode-166/ Links mentioned in this episode: https://thesocialsalesgirls.com/how-to-have-more-cash-in-your-business-episode-164/ https://thesocialsalesgirls.com/youre-probably-wasting-money-on-this-episode-134/ -------------------- Stop wondering if you’re “doing it right” and learn how to grow your sales in a consistent, predictable way. Spend 40 minutes with me in this eye opening workshop, and you’ll leave with a few simple steps that will grow your sales next month. Find a time that works for you, and register here: https://watch.thesocialsalesgirls.com/s/77wKvQ   “Insightful, actionable and engaging! I learn so much every single time I listen. I can’t believe this information is free - If you feel like this too, I’d love it if you would leave us a review. Reviewing the show will help us reach even more store owners, so we can help them grow their sales. Click here, scroll down, tap to rate with 5 stars and select “Write a review”. Let us know what you find most helpful about the podcast!   Also, if you haven't already make sure to follow the podcast so you don't miss an episode! Follow now