Author: Ian Leaman

 

53% of small & mid-sized businesses say they can’t afford loans at today’s high interest rates. So how are resilient businesses thriving without borrowing?

Here are 3 proven strategies:
1.     Cash Flow Vigilance: Review and update your cash flow forecasts weekly. Identify leaks—subscriptions, unused services, or slow-paying clients.
2.    Expense Sprints: Challenge your team to cut 10% in non-essential spending for 30 days.
3.    Scenario Planning: Map out “what if” scenarios for your revenue and costs. Prepare for the unexpected.

🔍 SummitOS makes this easy with real-time dashboards and scenario tools—so you’re never caught off guard.

What’s your #1 tip for managing cash flow? Drop it below! ⬇️

Cash flow uncertainty is a constant challenge for most businesses – especially with high interest rates and tough access to financing. The Profit Principle reminds us: Cash is King.

Cash is the lifeblood of business. If it stops flowing, the business dies. So existential is it, that running out of cash is the only certain cause of business failure. All of the other bumps in the road are navigable.

How can you strengthen your cash flow?
– Diversify your funding sources-consider SBA loans, investors, or crowdfunding.
– Tighten your invoicing processes to minimize delays between service/product delivery and payment. Follow up promptly and strictly on late payments.
– Maintain a cash reserve for unexpected expenses or for customers delaying payments.

Questions for you:
– What’s your go-to strategy for managing cash flow volatility?
– Have you tried any new funding sources this year?

Let’s talk cash flow-what works for you? 👇

Nearly 71% of small business owners say digital tools are essential for success, yet many feel overwhelmed by the options. The hashtag#AI tsunami we find ourselves in the midst of right now can be overwhelming.

The Playbooks principle from Summit OS Group can accelerate and systematize digital adoption.

How can you make digital work for you?
– Document your key processes and identify where automation or AI can save time.
– Bundle digital solutions (banking, payments, operations) for simplicity and efficiency.
– Train your team to use new tools effectively, turning tech into a true asset.

Questions for you:
– Which digital tool has made the biggest impact on your business this year?
– How do you decide what to automate and what to keep manual?

Share your digital wins (and lessons learned) below! 👇

Is Your Business Truly Profitable? Let’s Talk Numbers!

💰 Many small businesses focus so much on growth that profitability takes a back seat. But without profit, growth isn’t sustainable. Profit is the fuel which keeps businesses alive. In fact, 82% of businesses fail due to cash flow issues.

The Profit principle reminds us that financial health should always be a priority. Here’s how you can apply it:
– Know Your Numbers: Are you regularly reviewing profit margins and cash flow statements?
– Cut Unnecessary Costs: Audit expenses and eliminate anything that doesn’t add value to your business or customers.
– Focus on High-Margin Products/Services: Double down on offerings that drive improved profitability.

💡 Questions for You:
– How often do you review your financials with your team or advisor?
– What’s one way you could improve profitability this month and bag those wins for every month, recurring?

Let’s talk Profit strategy—share your thoughts below 👇