How an ace carpenter put together a top finance strategy and started looking for an apprentice to grow his business dreams.
Situation
A top carpenter – we’ll call him “Jono” – was darn good. His craftsmanship was top-notch, clients loved him, and word-of-mouth kept his schedule busy. But there was one persistent problem: that dreaded cash-flow gap.
Problem
You see, Jono would front the costs for materials, pour his heart into a project, then wait…and wait for invoices to be paid. Payroll, suppliers, his bills – they didn’t wait. This feast-or-famine cycle left him stressed and scrambling, even when business was booming.
And his chances of hiring an apprentice to help were nowhere.
Solution
Then a referral led him to Martin Cattach, a working capital strategist who used his cash flow detective skills to dig into Jono’s numbers.
It turned out that a few tweaks PLUS an extra finance tool could make a world of difference:
- Martin analyzed Jono’s project timelines and costs, helping him build in progress payments and no longer working for free for weeks on end!
- They tightened up Jono’s invoicing process. A combination of precise due dates, gentle reminders, and even a small discount for early payers did the trick.
- Most importantly, Martin organized a funding line for Jono. This gave him a safety net for emergencies – plus unexpected opportunities to snag bulk material discounts.
Results
The result? Jono exhaled. Cash flowed more smoothly and his stress levels dropped.
Jono could even think about hiring that apprentice and expanding his dream.
𝐒𝐨𝐦𝐞𝐭𝐢𝐦𝐞𝐬, 𝐢𝐭’𝐬 𝐧𝐨𝐭 𝐚𝐛𝐨𝐮𝐭 𝐡𝐨𝐰 𝐌𝐔𝐂𝐇 𝐦𝐨𝐧𝐞𝐲 𝐲𝐨𝐮 𝐦𝐚𝐤𝐞 𝐛𝐮𝐭 𝐡𝐨𝐰 𝐢𝐭 𝐅𝐋𝐎𝐖𝐒.
If Jono’s cash flow struggle sounds familiar, don’t tough it out alone. A seasoned strategist might see the missing solutions – including funding options to bridge the gaps.
