Profit vs. Cash Flow: What Every Trades Business Owner Needs to Know
If you run a trades business—whether you're a plumber, electrician, HVAC tech, or general contractor—you’ve probably asked yourself at some point:
“Why does my P&L say I made a profit, but I still feel broke?”
You’re not alone. Many skilled trades business owners struggle to understand the difference between profit and cash flow, and why one matters more than the other when it comes to keeping your business running day-to-day.
Let’s break it down.
How to Grow Your Trades Business in Washington State: Start with Cash Flow Management
If you're a contractor, electrician, HVAC technician, or any other skilled trades professional trying to grow your business in Washington State, chances are you’ve heard the advice: "Focus on your cash flow." But what does that really mean—and how do you actually do it?