244 - What is Your Cash Strategy? with Lisa Dionisio
Dive into cash flow strategies with financial expert Lisa Dionisio. Discover how to build a cash cushion, the importance of knowing your numbers, and strategies to prevent cash crises. Listen now!
Time Stamps
02:49 - Episode Intro
03:11 - Meet Lisa: CPA and Financial Expert
05:16 - Lisa's Take on the Profit First
08:49 - Understanding Business Strategy and Cash Flow
17:51 - Accounts Receivables
23:23 - Getting a Line of Credit
25:41 - Maintaining Good Cash Flow
30:46 - Knowing Your Numbers
33:16 - Managing Your Overhead
38:15 - Legacy Clients and Overhead Management
38:38 - Cutting Recurring Expenses
42:12 - Project Timelines and Overhead Impact
44:04 - Building a Cash Cushion
45:04 - Monitoring Cash Flow and Early Warning Signs
58:17 - Practical Steps to Financial Stability
01:04:53 - Episode Outro
Snippets from the Episode
“A lot of times, the low-hanging fruit is the receivables.” - Lisa Dionisio
“ I always say, just get the line of credit. Don't pull on it, but it's just your safety net.” - Lisa Dionisio
”Overhead is tough to get down. So don't get it up in the first place.” - Martin Holland
The truth is, if you don't have the cash, if you haven't done a line of credit, or you don't have a way to get a decent interest rate cash, then you're going to be up a creek if you're not getting enough up front.” -Lisa Dionisio
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