In this episode of The Kelly Roach Show, Kelly delves into invaluable insights on how to future-proof your business by establishing robust financial safeguards to withstand potential business disruptions. Her tactical advice equips business leaders with essential tools to navigate the unpredictable currents of today's economic landscape. She explores practical steps to fortify financial foundations and ensure business continuity amid challenges. By discussing the creation of emergency funds, the art of negotiating better rates with vendors, and the importance of prudent credit management, Kelly outlines a comprehensive range of strategies designed to enhance fiscal resilience. She underscores the importance of regular financial reviews and active participation in profit-generating activities, highlighting that thorough preparation and strategic financial management are crucial for driving sustained business growth.
Also in this episode:
-
Establish an emergency fund and perform monthly financial reviews, cutting unnecessary expenses and negotiating vendor rates.
-
Learn about building corporate credit distinct from personal credit to open up new financing avenues.
-
Evaluate where your business might not be investing enough resources and correct the course to ensure growth.
-
Train your team on a '4X strategy' to ensure they contribute to, rather than detract from, the business's profitability.
Virtual Business School Profit Push Workshop on May 22-24 from 12pm-1pm EST
Register here: thekellyroach.com/profit
Stay Connected With Kelly Roach:
Instagram | LinkedIn | Facebook | Youtube
