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Cash Flow with Pam Prior
Welcome to Season 5 of "Cash Flow with Pam Prior" – your go-to guide for mastering business finance without the jargon. This season, we’re taking you on a journey to build Forward Press Media from the ground up, offering real-time insights and practical advice every entrepreneur needs.
This Season’s Segments:
News or Interview of the Week
Pam kicks off each episode with the latest in finance and entrepreneurship, including expert interviews and industry insights.
Beer Tasting Review and Beer Term of the Week
Join Pam for a fun dive into craft beer, where she reviews a new brew and breaks down a beer term each week.
Forward Press Media - Scaling or Failing
Follow along as we document the step-by-step process of launching and scaling Forward Press Media. From setting up accounts to building a budget, we’re sharing the successes, challenges, and everything in between.
Topics This Season:
- Setting up and managing business bank accounts
- Integrating Stripe for payments and linking it to your financial system
- Streamlining bookkeeping with QuickBooks Online
- Drafting a partnership agreement and forming an LLC
- Simplifying expense tracking and understanding financial reports
- Building a budget and forecast for growth
…and much more!
Tune In:
Season 5 is all about practical, actionable insights into starting and scaling a business. Whether you’re just starting out or refining your operations, Pam and Francis provide straightforward advice to help you navigate the financial side of entrepreneurship. Plus, with a bit of beer tasting fun, it’s not just business – it’s a good time too.
Join Us:
Tune in each week for valuable insights, great conversations, and a little craft beer on the side.
Build your business alongside us and enjoy the journey!
Want a Free Business Blueprint Call with Pam? Click Here: https://pamprior.me/business-blueprint-call
Tune in to "Cash Flow with Pam Prior" and embark on a journey to transform your financial future with engaging discussions and actionable advice. For more information, visit PamPrior.com.
Cash Flow with Pam Prior is produced by Francis Plata of Forward Press Media.
www.ForwardPressMedia.com
Cash Flow with Pam Prior
S4E13: New Trail Brewery I Love My State Parks | Buy Now, Pay Later: The Good, the Bad, & the Truth
Disclaimer: The information in this video does not constitute Financial Advice. Consult with a Financial Advisor before making any decisions regarding your finances.
We start things off with a hazy IPA from New Trail Brewery. It’s got those citrusy, hoppy notes that make it a must-try for craft beer lovers. Trust me, it’s a sip worth savoring. Next, we're shifting gears to something you’ve probably seen everywhere: "Buy Now, Pay Later" plans. They’re tempting, but are they worth it? And for all you business owners, especially those in service industries, offering payment plans can be a double-edged sword. I'll share tips on how to protect your business while still giving your clients the flexibility they crave.
✨ 5 Key Lessons:
- Buy now, pay later plans can be tempting for buyers due to interest-free payment options, but borrowers should beware of the negative impact on credit scores and hefty late fees.
- Monitoring payment plans in service-based businesses is crucial to avoid cash flow risks, especially during uncertain economic times.
- Collecting most of the payment before delivering a service can protect businesses from financial instability caused by client non-payments.
- Avoid paying commissions based on client contracts until the cash is collected to prevent financial losses for salespeople and businesses.
- Disputes arising from payment plans can negatively impact businesses by leading to red flags with payment processors, affecting cash flow and business operations.
📰 On this week's What's News: https://www.morningbrew.com/daily/issues/phantom-debt
Today's Brew🍺: New Trail Brewery's "I Love My State Parks"
About the Brewery:
Craft beer enthusiasts and nature lovers, rejoice! Nestled in Pennsylvania's scenic landscapes, New Trail Brewing Company offers a unique blend of award-winning beers and a deep commitment to the outdoors. Founded with the goal of enhancing your adventures, New Trail beckons you to explore new terrains and create unforgettable experiences, all while enjoying a delicious craft brew. But their passion goes beyond the perfect pint.
They actively partner with local organizations to preserve Pennsylvania's natural beauty and implement sustainable brewing practices to minimize their environmental impact.
Learn more about New Trail Brewery:
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Learn more about Pam at: https://www.PamPrior.com
Want a Free Business Blueprint Call with Pam? Click Here: https://pamprior.me/business-blueprint-call
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Produced by Francis Plata & Forward Press Media: www.forwardpressmedia.com
