The Financial Blind Spots Holding Your Business Back (And How to Fix Them)
The Financial Blind Spots Holding Your Business Back (And How to Fix Them) As a business owner, you’re focused on growth, delivering results, and keeping your customers happy. But if you’re not keeping a close eye on your finances, you could be leaving money on the table—or worse, losing it without realizing it. In a recent episode of the Scale Smart, Grow Fast Podcast, we sat down with Cheryl Heller, founder of Pillar One Consulting, to discuss how entrepreneurs can take control of their financial health, eliminate hidden inefficiencies, and make smarter business decisions. Listen to this episode on the go! Tune in on your favorite services and never miss valuable insights to help you scale smarter and grow faster. 🎧 Cash Flow Mistakes That’s Costing You – Spotify 🎧 Cash Flow Mistakes That’s Costing You – Apple Podcasts Why Most Business Owners Struggle with Finances Many entrepreneurs avoid their financials, only checking in when tax season rolls around. But waiting too long can lead to poor cash flow management, unexpected expenses, and missed opportunities for growth. Cheryl’s advice? Start by removing the emotion from your numbers. “Your financials are just data—use them to inform your next steps, not as a source of stress.” By regularly reviewing financial reports, you can spot unnecessary expenses, optimize pricing, and create a long-term strategy for scaling your business. Key Financial Mistakes (and How to Fix Them) ✅ Pricing Without Data – Too many business owners set prices based on competitors instead of their own costs and profit margins. Calculate your true costs before setting a price. ✅ Cash Flow Neglect – Profit on paper doesn’t always mean money in the bank. Understanding cash flow ensures you have the funds needed for growth, payroll, and unexpected expenses. ✅ Ignoring Receivables – A slow-paying client
