What To Do When Your Books Are A Mess!
Cash poor means your company doesn't have enough cash to cover its expenses. The books are in a massive mess which makes it impossible to know how much money you're actually making.
This is a very common scenario for small businesses. Most businesses go through this phase at some point because of lack of awareness or lack of knowledge. The end result is that they lose a lot of money, waste time with endless bookkeeping, and suffer from low cash flow.
But there's good news – this can be fixed! We will look into ways you can spot when your business is starting to slide into this "cash poor" state so that you can correct it before it gets out of hand. We quickly want to gain clarity around the areas where we can recover and save cash flow as soon as possible.
Afterwards we'll clean up and maintain accurate financial books so that we can manage your money soundly and perform deeper analysis and projections. If you're interested in improving your money management skills and staying out of the red, send us a DM!