Profitable but Broke? Why Your Shop Needs a 13-Week Cash Flow Forecast | Ep. 58
What good is a record quarter if you can't make payroll? It's an uncomfortable question, especially when your shop is busy, your margins are healthy, and your financial statements say you're making money. But you've already paid for the material, covered the labor, and shipped the parts. Your customer might not pay you for another 90 days. How much more business can you afford to take on while you wait?
That gap between earning money and collecting it can put even a successful manufacturer in a difficult position. I've felt it firsthand. This year, payment-term changes involving four of my…
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