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Where Is The Cash?
It’s very common to sit back during a busy period in your business and wonder, “Where’s the cash?”
You’re working harder than ever and billing more but you can’t seem to get the cash needle comfortably off of “E”. Growth usually requires cash and you have to keep your eye on it so that it doesn’t get away from you. Here are a few things you can do to keep your eye on cash and keep growing your business at the same time.
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As hard as I’m working, I should be making more money
Whether you own your own business or work for someone else, this thought has certainly crossed your mind. If you work for someone else, you probably have the security of a steady pay check to carry through those periods when you work too much. When you take the huge step out on your own and start your own business, you can’t rely on that steady income stream from your boss. Your compensation fluctuates with the wins and losses of your business. This can be exhilarating (typically after a big win) and it can be frustrating as well (typically after a big loss).
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