Navigating Cash Flow Challenges: Insights from Business Owners and How to Tackle Them

Cashflow can be an ongoing consideration for many of my business owner clients. No two scenarios are the same, but here’s what they’re telling me.

Revenue swings from month to month can make financial priorities, like preparing for retirement, more challenging for even my most savvy clients. But that’s not the only challenge they’re facing.

Some have experienced sudden, even unexpected growth. It’s a good problem to have, but my clients also say high borrowing costs, supply chain delays, and the salary/benefits expectations that come with a tight job market can make managing expenses a little more daunting. (If the competition over great staff is forcing you to up your game on employee retirement benefits, let’s talk, but that’s a separate conversation!)

Other clients are dealing with matching payment terms with income terms. Net 45, 60, or even 90-day payment terms can turn businesses with an uneven cash flow into a month-to-month challenge. If this is you, your personal finances might not get the attention it deserves. (If so, let’s take a look. I might be able to help.)

Does any of the above sound familiar? If cash flow complexity is interfering with other personal finance goals like retirement, let’s pencil in some time to continue this conversation. Let me know a good time to reach out this week or next.