Want Your business to Thrive?
Stay connected with our weekly newsletter that contains tips and actionable advice you can use.
- Jun 22, 2022
Whoops!!! My OPEX doesn't have enough money. Now what?
Where do I pull the money from if I don’t have enough money to pay expenses from my Operating Expense account?
This is the “come to Jesus” moment when you follow Profit First.
The moment will come for every business where you don’t have enough money in the Operating Expense account to pay your bills.
The rule is this, you may NOT use other money.
I can't stress this enough - this is the moment your business is yelling at you and shaking you saying that you CAN’T afford to continue to carry all these cost and you need to find a better way.
Reduce your costs, and find a way to pay what you owe when the next allocation to OpEx comes in…but no matter what you must cut your costs.
I'm finalizing a free webinar to show how I review my expenses so I'm never caught in this position ever again! Stay tuned to get the details!
#profitfirst #cashstuffing #financialfreedom #faq #cometojesus
Related Reading on Your Profitable Law Firm
If this episode connected with where your firm is right now, these posts go deeper on related topics:
Curious About Working with Profit Scale Thrive?
If this resonated and you want to talk through what it means for your specific firm, I work with law firm owners as a fractional CFO to build the financial foundation that supports real growth. Click the button below to schedule a curiosity call.