If you are keeping the books for e-commerce clients, this article/podcast from Andrew Youderian of e-Commerce Fuel and Bill D’Alessandro of RebelCEO.com, is an absolute must read/listen. The podcast/article is called Managing Cash Flow for a Growing e-Commerce Business. Below is the first few paragraphs of the article. You can read/listen by following this link.
There’s a lot to keep track of when you have a growing small business, and managing cash flow can be tricky. Bill D’Alessandro is back this week to help us shed some light on different cash flow issues and how to handle them.
Bill and Andrew have had their own problems with cash flow in the past, so today they share those lessons. They talk about why you might be strapped for cash even if your revenue is booming, legitimate reasons for having cash flow issues, and the best ways for small businesses to raise more funds.
Managing Cash Flow for a Growing Business
(With your hosts Andrew Youderian and eCommerceFuel.com and Bill D’Alessandro of RebelCEO.com)
Andrew: Welcome to the eCommerceFuel podcast, the show dedicated to helping high six and seven-figure entrepreneurs build amazing online companies and incredible lives. I’m your host and fellow e-commerce entrepreneur, Andrew Youderian.
Hey, guys, it’s Andrew here, and welcome to the eCommerceFuel podcast. Thank you so much for tuning in today. Today, we’re gonna be talking about cold, hard cash. How do you manage cash flow in a growing business? And we touched on cash flow in our episode about accounting, the one riddled with gunshots and explosions, which we’ll link up to in the show notes if you haven’t listened to it. But what I wanted to talk about, a little bit more about cash flow. What are legitimate reasons for having cash flow problems? What are bad reasons for having cash flow problems that are kind of indicative of systemic problems in your business and some options for smoothing those out? And joining me to talk about it is Mr. Bill D’Alessandro. Bill, how are you doing, buddy?
Bill: Doing well. Nice to be back for sort of part two on cash flow and accounting.
Andrew: Yeah. If we have any listeners left after our accounting episode. Hopefully, they’ll stay with us for this one. I guess this is not super sexy stuff, right? But it’s pretty important.
Bill: It depends on your definition of sexy, I suppose. But I think this is pretty fascinating stuff, and if you have an e-commerce business or any business, really, that’s growing, you are probably going to be riveted by this conversation.
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As an added bonus for MoneyThumb clients/readers of the Rules of Thumb blog, take a minute to download this free report from Accounting Web, The Accountants Guide to Advising e-Commerce Clients.
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