Don’t buy the third truck. Not yet.
A busy month feels like a reason to buy. Often it’s a reason to look. If truck two only rolls two days out of five, fill its idle days before you add a third payment.
from WrngWaay
Short videos on the money side of running a business, in plain English. Every episode is here, newest first, with a link to the tool it uses so you can run your own numbers.
A busy month feels like a reason to buy. Often it’s a reason to look. If truck two only rolls two days out of five, fill its idle days before you add a third payment.
What a boss taught me in about ninety seconds in a trash company’s truck yard: a truck you own and don’t run isn’t an asset. It’s a bill with a paint job.
One small trade business, one full quarter, week by week. It starts with $16,000 and ends with $14,900, but in week ten it’s down to $1,900. I walk through what I’d tell the owner to do about it, in order. Every number came from a real run of our free cash-flow tool.
Your crew gets paid first. A cushion for your own pay means your family doesn’t feel it when a customer pays late. Try it: could you skip one month of your own pay and be okay?
Same shop, same bills, one payment moved two weeks, and the lowest point goes from $1,900 to $7,900. Check which comes first: the day you pay yourself, or the day your biggest customer pays you.
Who’s behind The Reality Check, and what you can count on: the judgment is mine, in plain English.
What the U.S. Bureau of Labor Statistics and the Census Bureau say about how long new businesses last, and why two independent studies point to the same cause: running thin on cash.
Sixteen thousand at the start of the quarter, fourteen nine at the end, and nineteen hundred in week ten with a $9,200 payroll coming. Why the lowest number is the one that matters.
Who we are, why we built The Reality Check, and an invitation to anyone who runs their own business to come along.
The videos play on YouTube. Nothing from YouTube loads on this page until you tap one. New episodes land on our YouTube channel first.