495: Where Did the Cash Go? 5 Cash Flow Mistakes That Can Kill a Roofing Business

A roofing company can have plenty of money in the bank and still have a serious cash flow problem.Customer deposits may already be committed to jobs you haven’t produced. Material bills, payroll, subcontractors and taxes are coming due. And if you’re growing, the cash problem can get worse fast.In this episode of The Roofer Show, Dave Sullivan revisits a conversation with credit and collections expert Thea Dudley and breaks down five common cash flow mistakes roofing contractors make.You’ll learn:The difference between cash in the bank and healthy cash flowWhy your order-to-cash process mattersHow slow collections can turn 30-day receivables into 60- or 90-day problemsWhy billing quickly is critical to cash flowHow to protect your receivables and lien rightsWhy supplier discounts can disappear when cash is tightHow growing too fast can create even bigger cash flow problemsWhy your back office systems have to keep up with sales Having more sales doesn’t automatically solve a cash problem. If your jobs aren’t producing enough gross profit, more volume can actually make the problem worse.Sometimes you have to get above the day-to-day and look at the whole business: What do you have? What do you owe? Who owes you money? And are you actually making money?Roofing Business Health Check:https://theroofercoach.com/health-check/ProLine:https://theroofercoach.com/prolinePromo code: DAVE50SMA Support:https://theroofercoach.com/smasupport