How to Create the Cash Culture Your Business Needs to Thrive with Peter Kingma

Let"s chat about optimizing cash flow for business success! Meet Peter Kingma, a cash flow expert with over 30 years of advising global companies. In this interview, Peter shares invaluable insights from his book Cash is King and decades of practical experience. You"ll learn key strategies like The crucial difference between profit and cash flow (and why profitable companies can still go bankrupt!) Best practices for managing order-to-cash When taking a loss to sell inventory can make sense How to collect accounts receivable from non-paying customers Negotiating win-win payment terms with vendors Peter keeps it relatable with plenty of real-world stories and actionable tips. This is a must-listen for any small business owner ready to build the cash culture their company needs to thrive! Let me know what cash flow struggles you face or what questions you still have after listening. Peter offers exclusive resources to help dig deeper into these concepts.  #SmallBusinessOwners #CashFlowManagement #FinancialStability #BusinessOperations #CashCulture  #ThriveInBusiness  #ImprovingCashFlow #FinancialSuccess #SmallBusinessTips #BusinessManagement Key Moments  00:00:02 - Introduction to Cash Management    00:03:45 - Difference between Cash Flow and Profit    00:09:59 - Best Practices for Order to Cash Management    00:13:23 - Importance of Timely Invoicing    00:14:05 - Understanding Payment Terms    00:14:46 - Importance of Cash Flow Forecasting    00:15:53 - Challenges with Large Businesses    00:18:18 - Dispute Management and Collection    00:20:40 - Factoring and Self-Examination    00:21:56 - Managing Supply Chain and Negotiating Terms    00:28:26 - Importance of Cash Culture       Support the Show. Resources: https://affordablebookkeepingandpayroll.com/resource-opt-in Become a supported of the show: https://www.buzzsprout.com/1522381/support