Cash: one of the four essential elements you need to scale a business successfully. But how do you grow a business and protect cash flow when transformation draws so critically on all your resources?
How to not grow broke
Cash savvy is essential in today’s economy. With economic growth slowing, rising employee costs, the unpredictable impact of tariffs and increased inflation, it’s easy to let uncertainty stunt ambition – or for lack of strategy and insight to get in the way of progress.
So we spoke to Scaling Up co-author and director of Cash Flow Story, Alan Miltz.
Having helped over 30,000 businesses and 500 banks globally transform their understanding and management of profit, cash, and value, his approach involves some surprisingly simple concepts.
‘You can survive with decent people, decent energy and decent execution, but run out of cash and it’s game over’, the chartered accountant, turned entrepreneur, turned global speaker said.
Once we understand the rules of the game, we can play it better
It’s time to talk numbers but in a way that everyone will understand and care about. Not everyone on the board can be a specialist in finance but with Alan’s approach and tools to hand, all heads at the table can have a clear picture of where the company is going and their role in getting it there.
Here are six key facts every growth-focused entrepreneur should be aware of:
- There are four chapters to your cash flow story. Forty per cent of business owners are stuck on chapter one (and you could be one of them).
- To unleash potential, smart leaders know the Seven Levers of Improvement – and how to flip each one to green.
- Grow a company faster and sell it for more by nurturing the three traits of a great leader. Proficiency with ‘soft’ skills has an impact on hard cash.
- The Power of One drives autonomy and accountability and there’s no better way to strengthen an entire team.
- Volume of sales can seriously damage cash flow, but it’s possible to spot the signs that all’s not well and put things right.
- Ultimate success comes from gamifying the gap between where you are now and where you want to go. Talk about the mathematics of your business in a way that everyone can get excited about. Yes, it is possible!
Get all the info you need by listening to the podcast episode here: INSERT LINK
How to grow a business and protect cash flow
By understanding the whole picture and making the complicated simple, you’ll safeguard your company’s well-being today and grow its value for tomorrow.
Measure, chart and plan how you’re going to get from A to B in a way that everyone can follow and they can get excited about. It’s about the numbers showing up in human benefit for all stakeholders.
This is a call for leaders and founders everywhere to have a more grounded, integrated approach across the board so that we can all win at the numbers game – and sleep better at night.
But you don’t have to do it alone
We’ve a deep understanding of the four key elements of scaling a business: people, cash, strategy and execution. From practical tools to bring them to life, to the ways that they show up in human behaviour, we’re here to help you make sense of the business development game and to ensure you don’t grow broke.