E41: B2C Interview with Sarah Garner – Cash management in the beauty and hair industry

GET TO YES by Listening, Not Telling with Neil Osborne | Selling in the Hair, Beauty and Body Industries

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3y ago 25:45

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An interesting episode where Neil’s guest, Sarah Garner, discusses how to make a clear profit in a small industry-based bushiness. Sarah is the founder of a branding agency, Digital Bloom, where she needed to upskill in the way she handled the cash flow of her business.

The Profit FirstⓇ cash management system assisted Sarah to establish several bank accounts, that allowed her to manage the cashflow and the allocation of her funds to different areas. This simplistic system helps Sarah fund growth and establish a team in her business. Today, she runs her business with five foundation accounts.

In this episode you’ll learn:

Establishing a cashflow system that can help you grow
How being able to pay your team and tax obligations, reduces the stress
Having a cash management system allows you to have clarity around your business finances

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