Our team was brought in to help a fast-growth company in the construction industry that was getting ready to crash and burn. Simon knew they had a major issue when they were getting ready to process payroll every other week and kept realizing they didn’t have sufficient funds in their checking account.

That’s when they reached out to us.

Their books were a mess, they were low on cash, and they couldn’t tell how profitable they were. They were growing fast, but spending a lot on labor, commissions, and inventory, and not seeing the cash in their bank account from their customers. They needed to make big changes.

In short, they had a severe mismatch of cash flow timing. Their profitability was good, but cash was going out way more quickly than it was coming in.

It’s 100% possible to grow yourself out of cash.

When you’re growing fast, your focus is on the customer — not necessarily on your financial big picture. Chances are:

• Your revenue is at an all-time high
• Your accounts receivable balance is at an all-time high
• Your collections aren’t keeping pace (resulting in past-due accounts receivable)
• You’re paying your employees overtime while you recruit to meet growing demand
• Your vendors love you because your accounts payable clerk is on auto-pilot, paying them before the bills are due because his job is to pay bills (you probably didn’t even know about this, since you’re focused on selling activities)
• No one is monitoring or managing cash

Each one of these is silently contributing to an impending cash crunch that will wreak havoc the next time payroll needs to be processed and paid.

At TurboExecs, we help small and medium businesses that are struggling with chaos, such as out-of-control growth or sudden terrifying decline in revenues or profits. With outsourced accounting and CFO services, we help you take back control of your business — for manageable and profitable growth, with a clear vision for the future.

Interested?