Biz Help For You
Biz Help For You is a business education podcast designed to help small business owners and entrepreneurs navigate the rules, regulations, and best practices that keep their businesses compliant and profitable. Each episode delivers practical guidance on topics like business licenses, payroll, sales tax for online and brick-and-mortar sellers, 1099 processing, and other critical compliance tasks.
In addition to compliance insights, the show shares expert tips on marketing, website design, budgeting, understanding financial reports, and growing your business efficiently. Listeners will also learn how to build effective systems and processes, hire and manage teams, choose between desktop and cloud-based software, and create marketing strategies that drive results.
Whether you’re a new entrepreneur or an established business owner, Biz Help For You equips you with actionable strategies, expert advice, and insights to help your business run smoothly, stay compliant, and achieve sustainable growth.
Biz Help For You
How to Create the Cash Culture Your Business Needs to Thrive with Peter Kingma
Let's chat about optimizing cash flow for business success! Meet Peter Kingma, a cash flow expert with over 30 years of advising global companies. In this interview, Peter shares invaluable insights from his book Cash is King and decades of practical experience. You'll learn key strategies like The crucial difference between profit and cash flow (and why profitable companies can still go bankrupt!) Best practices for managing order-to-cash When taking a loss to sell inventory can make sense How to collect accounts receivable from non-paying customers Negotiating win-win payment terms with vendors Peter keeps it relatable with plenty of real-world stories and actionable tips. This is a must-listen for any small business owner ready to build the cash culture their company needs to thrive! Let me know what cash flow struggles you face or what questions you still have after listening. Peter offers exclusive resources to help dig deeper into these concepts. #SmallBusinessOwners #CashFlowManagement #FinancialStability #BusinessOperations #CashCulture #ThriveInBusiness #ImprovingCashFlow #FinancialSuccess #SmallBusinessTips #BusinessManagement
Key Moments
00:00:02 - Introduction to Cash Management
00:03:45 - Difference between Cash Flow and Profit
00:09:59 - Best Practices for Order to Cash Management
00:13:23 - Importance of Timely Invoicing
00:14:05 - Understanding Payment Terms
00:14:46 - Importance of Cash Flow Forecasting
00:15:53 - Challenges with Large Businesses
00:18:18 - Dispute Management and Collection
00:20:40 - Factoring and Self-Examination
00:21:56 - Managing Supply Chain and Negotiating Terms
00:28:26 - Importance of Cash Culture
Resources: https://affordablebookkeepingandpayroll.com/resource-opt-in
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