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Business Mastery Podcast
Business is dynamic. And everything affects you and your business. Fight with your mother-in-law? Mindset struggle? Market Changes? YUP. So, we're going to talk about it all. No topic is off limits.
The goal for every episode is to offer a new and different perspective or provide actionable strategies you can implement now. On the topics you need, to help you run the small business you love, more successfully. To master your own business and to master yourself as its leader and decision maker.
Every Wednesday Dawn K. Kennedy, an attorney, author, mentor and the CEO of Convoy Road Coffee Roasters, releases a new episode for your middle of the week dose of ideas and inspiration. In 45 minutes or less.
Small bites, expert guests, big impacts.
Whether you are a new or seasoned entrepreneur, this show is about all the things around making a bigger impact with your pursuit and growing into your entrepreneurial vision.
Business Mastery Podcast
108. "Cash Flow Chronicles: Turning Outstanding Invoices into Revenue Gold" with Dee Bowden
Dawn talks with Dee Bowden, a Cash Flow Speaker and author of Collect the Cash, who works with small and medium-sized IT and Software companies. Dee is the founder of BCS Solutions. Dawn and Dee talk about some strategies, statistics, and why you shouldn't be leaving the money that you've earned out into the ether and never get it in the bank.
In this episode…
Who is Dee and whom does she serve? (00:57).
Why don't you think people wanna talk about how to get paid (1:18)
We happen to know statistically there are a ton of entrepreneurs who don't actually track the money in the cash flow and they just kind of take it as it comes instead of doing things like projections. What are your thoughts? (3:25)
Give everyone the statistic, how much money on average are businesses leaving out there (5:12)
Say somebody's listening in and they're like “Oh yeah I actually never got paid by someone”, How do we figure out where our money is? (6:58)
Some other industries have cash on delivery and those sorts of things, let's just say that they transfer over and start doing business-to-business sales, how you might invoice a business versus a consumer? (10:03)
Maybe the address we're doing business with is the place we should be sending the invoice to? (12:48)
We should not just be throwing these invoices in the trash (16:26)
Let's say something really did go sideways in the performance of the agreement, if that's the reason that someone's not paying you, how do you approach that conversation? (18:48)
Let's say that there were supposed to be 6 payments and they made 4 and they stopped paying you. Is this just an additional invoice or is this a deeper conversation about why an ongoing payment was stopped? (21:49)
Dee Bowden’s Information.
Website: www.collectthecash.biz
YouTube: https://www.youtube.com/@deebowden4050
Instagram: www.instagram.com/deecollects
Facebook: www.facebook.com/Collectthecash.biz/
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