Simple Steps to Increase Your Cash Flow

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.6 • 1.9K Ratings

🗓️ 15 January 2023

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

I’ve always said that in order to thrive as a business leader you need four core fundamentals: a great product, an understanding of your fnancials, a good grasp on operations, and the ability to sell and market your business. Te ability to choose the right path, take the right risks, and implement the new skills or knowledge you gain along the way is solely dependent on your decision making. This begs the question: “How can we set ourselves up for successful decision making?” Realize your talents, gifts, and competencies, and determine how those show a clear path to making money or not. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	focusing on how can I be more productive with and create more revenue how can I be more efficient and create more
0:05.6	revenue and how can I be more statistically successful creating revenue that will only provide you more
0:11.5	options and more opportunities even if you have to raise money to scale.
0:17.1	This is the flavor when I say awesome what's your question?
0:20.7	So I just explained the background is like me and my brother open up business like sales
0:28.0	business like three months ago so in our business like our goal is to be able to increase the
0:33.6	cash flow. Yeah so how do we increase cash flow? Well there's several different ways one let's
0:40.1	start with the actual revenue that you're creating today so one of the things is I would prioritize
0:46.2	since you are generating revenue how can I increase the productivity to generate more revenue
0:51.9	how can I create efficiencies to create more revenue and the statistical success since you sound
0:57.1	like you're selling things if we can create processes and systems and experience and situation
1:02.0	knowledge in order to effectuate better statistical success I can create exponential growth so
1:08.8	just for example if your twice is productive in the next month you'll double your shares if
1:14.4	your twice is efficient you'll quadruple your sales if your twice is statistically successful
1:20.0	you'll eat times your sales and you won't have to worry about borrowing money or getting investment
1:26.0	and if you do need investment for expansion it's much easier to get when you show that you have
1:31.3	800% earnings in a month three months 12 months whatever it may be the main focus since you are
1:38.0	generating revenue is to scale that revenue now if you're already in a point where you can scale
1:44.1	it and it's just a matter of capital then you need to go through a standard procedure of
1:49.7	creating an executive summary and a business plan in order to then ask for help in person on the
1:55.6	phone via email and media radio print TV and social media do you know anybody that could help me angel
2:01.0	investors usually at this stage of the business you start with family and friends because you have
	...

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