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Cash Flow Will Humble Even The Best CEO's. Ep 18: Sam Shvarzblat
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In Episode 18 of What It Takes, Sam Shvarzblat breaks down the strategies that actually keep your monthly cash flow alive - without sugarcoating the mistakes that a lot of people do. If you’re building right now, this podcast is mandatory.
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Transcript
Auto-generated transcript. Not time-synced to the video.
If you know how much money you're
making, then you know how much to charge
your client. Right? And then you're able
to cover your overhead and you're able
to actually deliver on the job. Knowing
how long it takes is great, too, cuz
I've heard people say, "Oh my gosh,
[music] it's a great project. I'm I'm
going to make $250,000 building this
project." And then
the next question I always ask them is,
"How long do you think it's going to
take you to build that?" Right. Uh I
don't know, probably 2 years, 3 years.
Great. So, now divide that $240,000
over 3 years. You're looking at a way
smaller number [music] if you're looking
at it from a perspective of cash flow,
because you need to have monthly a
certain amount of money
in order to cover your expenses in order
to deliver that product. So, it's
[music] very nice that you're making a
lot of money big picture, high level,
but if it's not going to implement
itself into your daily cash flow, and
it's not going to give you what you
need, [music] then sometimes it's better
to take a smaller project with a
slightly smaller fee, but it's going to
be paid out much faster.
