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I am having cash flow problems, so what?
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cash flow it is a you business owners
and nightmare and I'm not afraid to
admit that we have cash flow problems
whoo sue me that's like saying to a baby
you're in trouble because you're
throwing up that's what happens in
startups all right especially in a
startup that is growing at the rate that
we're growing at when I see Talent I
hire it when I see new product in the
market I go after it when I see
opportunity I pounce I don't care about
my cash flow cash flow will come I get a
call today from my secretary and she is
freaking out it just has to be barrel I
have bad news I said oh my gosh what is
it did the office burdened down like
what what happened she said we are we
may not we may not cover this wheel it
doesn't look like we have enough to
cover and I said don't worry about it
laughter you're so nervous about will
cover send me a list of the three
projects that were closest to finishing
on I will call my clients who I consider
to do my friends because we help each
other grow our businesses if you worry
about it
I'll take care of it I've gone on the
phone and I caught my first client and I
said listen you were 99 for some ducks
percent on your video I'm waiting on a
very very small piece happens to be from
actually you guys are waiting for you
guys to get back to the boats on
do you think that you might be able to
advance us the portion that you're owed
to us before we finish the video if you
want you could hold a little part back
to the payment no problem
he said Baro why are you tight I said no
I'm not tight I'm choking yes I
absolutely need it he said don't worry
about it
I've been there man I know how it is
don't worry about I'm not gonna hold a
little piece I'm gonna get the full
thing to you
why am I telling you this story
everybody will call me Darryl you're
crazy you shouldn't tell people about
your cashflow problems you don't want to
seem like you're a business that's not
stable guess what we're not we're gonna
business for a year and a half it's okay
I'm not scared that there's one business
owner one guy one account to one CFO one
president one entrepreneur that sees
this video and he says wow there's other
people like me going through the same
struggles then the whole thing was worth
it the last thing I want to tell you
about this whole cash flow thing cash
flow should not be a reason not to
expand your business when I make
decisions the last thing that I look at
is cash flow when I go to build a new
product when I go to hire a new person
to run a new division my company if I
looked at cash flow I would be the only
guy that was sitting in my office doing
any work but a certain magic happens
when you hire people your cash actually
expands I have a friend and he's been in
business for about six seven years I say
hey buddy how's business he says it's
great on my burn rate is too is too high
meaning he's spending too much money
I said a burn rate is too high Nepal is
not your burn rate the problem is your
profits the problem is our sales yes
right now my cash flow is tight because
I fired 13 people over the course of 13
months and were expanding every single
day but with those 13 people last year I
trimmed out half a million dollars this
year with God's help I'm gonna be able
to bang out 5 million dollars with the
same amount of people
so yes I'm temporarily in trouble I'm
temporarily choking I'm temporarily
starving but I'm not stressing about it
I'm not gonna let it destroy me I'm not
gonna let it take it over and I'm not
going to let it stop me from expanding
you yes you if you need to expand your
business do not worry about cash flow
because it should not be a deciding
factor
god bless let's make America great again
watch this rocket take off into the sky
baby you're watching the rise of a
legend I hope you enjoy