The K Cup
Jon Kelly and Joe Nortrup of the Kelly Construction Group have fun while discussing business insights, some that center around the operations at the Kelly Construction Group, but also insights that could apply to all entrepreneurs in business. They look forward to sharing guest interviews of professionals from businesses related to the construction industry like architecture, engineering, commercial lending and commercial real estate. They hope to inspire and inform all those that tune in.
The K Cup
The Cash Flow Trap - Why Profitable Businesses Still Go Broke | The K Cup Episode 22
In Episode 22 of the K Cup, Jon Kelly & Joe Nortrup discuss the importance of cash-flow in business. Jon & Joe lay out 3 key ways in which a business owner can manage their cash in a proactive way, rather than having their cash, or a lack there of, manage them. This episode is a "must see" or "hear" business survival guide for one of the most important aspects of business... "cash-flow."
Chapters
00:00:02 Introduction to the Cash-Flow Trap
00:01:09 Jon & Joe Start the Show
00:02:03 Point 1: Understanding the Difference Between cash-Flow & Profit
00:10:30 Point 2: Creating Financial Buffers for Irregular Income
00:15:45 Point 3: Smoothing Out the Feast or Famine Cycles
00:24:00 Joe Reviews All 3 Points for Avoiding the Cash-Flow Trap Before Jon's Final Thoughts
00:25:01 Jon Delivers His Final Thoughts
00:26:43 Joe's Final Thoughts and His Call to Action
00:27:29 Joe Highlights Our Complimentary Pre-Construction Services
Hashtags
#generalcontractorsbatonrouge #theKCupPodcast #constructionpodcast #howto #business #KellyConstructionGroup #Louisiana #commercialconstruction #contractor #building #buildingdesign #architecture #designbuild #AIA #commercialrealestate #commerciallending #creprofessionals #developers #CREinvestors #entrepreneur #entrepreneurship #businessstrategy #collaboration #collaborativebusinessecosystem #essentialnetworkingsystem #collaborativeconsumerengagement #prominentpersonofimpact #buildyourbrand #brand #joenortrup #jonkelly #cashflow
Keywords
general contractors baton rouge, commercial construction, business strategy, business, start a business, start your own company, start a construction company, builder insights, contractor insights, contracting business, entrepreneur, entrepreneurship, commercial construction industry, architecture, commercial real estate, commercial lending, brand building, Joe Nortrup, Jon Kelly, cash flow
Takeaways
* Learn that there is a distinct difference between the terms "cash-flow" and "profit."
* Learn how to manage your money for success in business. Understand that cash-flow and profit move through your books differently, both in different ways and at different times.
* Learn how even your most profitable months can leave you without any cash-flow.
* Learn what a "dashboard" is in business and how this simple tool can help you manage and track your company's cash-flow easily.
* Learn how to create financial buffers that will make managing the money your business takes in much, much easier.
* Learn when and why you need to save in reserve 3-6 months of operating costs.
* Learn how to smooth out the feast or famine cycles of your business by developing recurring monthly income as a basis for stability while working on "contract" driven projects for larger chunks of revenue.
Website
www.kellyconstructiongroup.com