Making $8M But Broke? Here's What's Wrong

Making $8M But Broke? Here’s What’s Wrong with Paul Maskill

In episode 86, Paul Maskill welcomes you to the Turnaround Boardroom Podcast to discuss why many small business owners generating $5-8 million in revenue still face “money problems”. This episode focuses on the critical aspect of cashflow within residential service businesses and offers practical business tips for better business management. Discover key insights for entrepreneurship in the home service industry.

In today’s episode, Paul discusses:

  • Sustainable growth is more important than simply increasing revenue.
  • Businesses often run out of cash despite high revenue due to structural issues.
  • Pricing strategies must be mathematically sound to ensure profitability.
  • Predictability in cash flow is essential for business stability.
  • Understanding true labor costs is vital for accurate pricing.
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