Profit Answer Man: Scaling with Profit First & Beyond Ep 261 Increase Profit and Cash Flow with Paul Maskill
Increase Profit and Cash Flow with Paul Maskill
Are you a business owner looking to scale your operations without drowning in the chaos of daily management? Paul Maskill, a seasoned entrepreneur and financial expert, joins us on The Profit Answer Man podcast to reveal how systematizing your business can lead to sustainable growth and financial freedom. With years of experience in owning and selling service-based businesses, Paul now serves as an outsourced CFO, helping blue-collar businesses create predictable, positive cash flow.
If you’re tired of feeling like your business owns you instead of the other way around, this episode is for you. Learn how to shift from technician to leader, attract the right talent, and implement the financial systems necessary for lasting success.
In This Episode, You Will Learn:
- Why systems and processes are critical for freeing up your time and scaling your business efficiently.
- How treating employee recruitment like customer acquisition solves staffing challenges.
- Why most business owners struggle with cash flow management—and how to fix it.
- How Paul transitioned from corporate finance to building, scaling, and selling multiple businesses.
- The biggest financial mistakes business owners make and how to avoid them.
Key Takeaways:
- You Must Systematize Your Business to Scale. Paul emphasizes that many business owners get trapped in the "technician mindset" (a concept from The E-Myth by Michael Gerber). Instead of focusing on high-level strategy, they’re consumed by daily operations. The solution? Implementing repeatable systems and processes.
- Recruiting Should Be a Constant Process. One of the biggest challenges business owners face is finding good employees. Paul flips the script and treats recruiting like business development.
- Cash Flow is King—Understand Your Numbers. Paul explains that many business owners don’t truly understand their financials. They mistake revenue for profit and fail to manage their cash flow effectively.
- The Power of Fractional CFOs for Small Businesses. Most small businesses can’t afford a full-time CFO, but they still need financial strategy and oversight. That’s where fractional CFOs like Paul come in.
About Paul Maskill:
Paul Maskill is an entrepreneur, financial strategist, and the founder of Blue Collar Business Advisors. After leaving corporate finance in 2010, he built and sold multiple service-based businesses, including an electrical service company that scaled by over 500% in three years. Now, he helps blue-collar business owners increase profitability, improve cash flow, and create businesses that don’t depend on them.
Conclusion:
Scaling a business doesn’t mean working harder—it means working smarter. By implementing systems, hiring strategically, and managing cash flow effectively, you can create a thriving business that runs without you. Paul Maskill’s insights are a game-changer for business owners who want to break free from the daily grind and achieve financial freedom.
Links:
Email: paul@thebluecollaradvisors.com
Website: thebluecollaradvisors.com
LinkedIn: LinkedIn/paulmaskill
Instagram: @paul_maskill
BusinessFreedomFormula
Watch the full episode on YouTube: https://www.youtube.com/@profitanswerman
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Profit First Toolkit: https://lp.profitcomesfirst.com/landing-page-page
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Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/
My podcast about living a richer more meaningful life: http://richersoul.com/
Music provided by Junan from Junan Podcast
Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.
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