#189: Donald Miller—Cash Crisis? How to Generate Quick Revenue When Times Get Tough

Business Made Simple Podcast

StoryBrand.ai

Marketing, Story, Bmsu, Businessmadesimple, Brand, Business, Bms, Storybrand, Entrepreneurship, 474622, Storytelling

4.8 • 2K Ratings

🗓️ 26 August 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Cash flow is the heartbeat of any business. But what do you do when revenue takes a sudden hit and the money isn't coming in as expected? Whether it's a seasonal dip, unexpected expenses, or a major disruption like a pandemic, every entrepreneur feels the pressure when cash flow slows down. These times can be stressful and can even threaten the survival of your business. So, what can you do now to ensure your business stays afloat when money is tight?

In this week’s episode of the Become a Better Business Owner series, hosts Bobby Richards and James Sweeting send out the "coaching call" to Donald Miller who shares straightforward strategies for managing cash flow during tough times. You'll learn how to build a financial safety net, quickly generate extra cash, and bundle products to boost sales. Don also talks about staying calm under pressure and turning challenges into growth opportunities. Whether you're facing cash flow issues now or want to prepare for the future, listen in to get the tools you need to keep your business strong when revenue dips.

Get free access to the ultimate growth tool for your small business featuring 11 free worksheets and templates to drive revenue and profit. Just go to SmallBusinessFlightPlan.com/BMS.

STUCK TRYING TO GROW YOUR BUSINESS? SUBMIT YOUR QUESTION FOR A CHANCE TO HAVE US COACH THROUGH IT ON THE SHOW: BusinessMadeSimple.com/Podcast

ORDER COACH BUILDER, DONALD MILLER'S NEW BOOK, AND TRANSFORM YOUR EXPERTISE INTO A LUCRATIVE CONSULTING CAREER: CoachBuilderBook.com/Podcast

IF YOU'RE SERIOUS ABOUT IMPLEMENTING A PLAN TO GROW YOUR BUSINESS AND REVENUE, FLIGHT SCHOOL IS FOR YOU! JOIN NOW: SmallBusinessFlightSchool.com.

FIND AND FOLLOW US ON INSTAGRAM: Instagram.com/BusinessMadeSimple

Transcript

Click on a timestamp to play from that location

0:00.0	You always want to say what's working and how can we duplicate it, what's not working and how can we stop doing it and change and try something new,
0:08.0	and you want to be doing that 12 times a year.
0:10.0	Welcome to the Business Made Simple Pie. Here. are Become a Better Business Owner series that is centered around helping you
0:23.7	become a better business owner by focusing these episodes around
0:27.4	strengthening the six main parts of your small business, leaning into a
0:31.2	metaphor that you've definitely heard a say if you listen to the show,
0:34.0	build your business like an airplane.
0:37.0	There's leadership, that's your cockpit. The right engine is your marketing.
0:40.0	The left engine is your sales, the wings are your products, overhead is your management and operations,
0:44.8	and the fuel tanks are your cash flow.
0:46.8	And cash flow is what it's all about today.
0:49.2	And we're actually pulling from some questions
0:50.8	that small business owners like yourself have asked.
0:53.7	Some of these questions were so good that we thought,
0:56.0	There's only one person who could answer and coaches through these questions.
0:59.4	Who could it be?
1:00.7	I'm remembering his words right now.
1:02.6	And you can press this button anytime you want and I will come and answer any questions that
1:07.4	you know are just too complex for the two of you.
1:10.4	Let's hit the button, James. Donald Miller is back on the Business Made Simple Podcast on the Wings of an Eagle soaring high.
1:19.0	So if you're experiencing a dip in revenue right now, if you've got some questions around cash flow, if you've got some questions around
1:23.4	cash if you've got some surplus cash if you're wondering out of forecast whatever it is
	...

Transcript will be available on the free plan in -135 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from StoryBrand.ai, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of StoryBrand.ai and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.