Your P&L Says Profit, So Why Cash Disappears In My Business

I get asked why cash disappears in my business more than almost any other question from home service owners. Sales go up. The bank account does not follow. That gap is what today's episode is all about.

A few years back, I worked with an electrician who had just finished his best sales year ever. His profit and loss statement showed a real profit. His bank account told him something else. Once we separated his cash and found his hidden profit leaks, everything changed. He did not need to sell more. He just needed to keep more of what he already earned.

What You'll Learn:

Why cash disappears in my business even when the P&L says I am profitable

How contractor cash flow management differs from just reading your profit and loss report

The one shift that ends home service cash flow problems even in a busy season

Why more revenue is not more profit once job costs and taxes hit your account

How to spot hidden profit leaks before they drain your bottom line

How using Profit First in a home service business gives every dollar a job to do

Key Moments:

1:42 The Myth That Profit Means A Healthy Bank Account

5:27 What A Profit Plan Shows You What A P&L Cannot