<p>Imagine finding a $600K error in your books! Cory Parks shares his journey from near disaster to business revival. You don’t want to miss this!</p><p><br></p><p><strong>Time Stamps</strong></p><ul><li>00:45 - Episode &amp; Guest Intro</li><li>03:25 - Cory&#39;s Business Journey</li><li>07:28 - Financial Struggles and Solutions</li><li>11:41 - Management Team and Roles</li><li>16:44 - Cory&#39;s Profit Problem</li><li>22:14 - Cory&#39;s Financial Literacy Journey</li><li>30:31 - CRM and Bookkeeping Challenges</li><li>31:56 - Automating QuickBooks Integration</li><li>32:22 - Identifying and Solving Duplicate Entry Issues</li><li>33:31 - Leadership and Financial Challenges</li><li>34:58 - Implementing Salary Cuts &amp; Transparency</li><li>36:52 - Rebuilding Financial Stability</li><li>37:49 - The Importance of Trust and Transparency</li><li>39:02 - Navigating Financial Statements</li><li>42:42 - Learning from Mistakes and Seeking Guidance</li><li>53:18 - Transitioning from Cash to Accrual Accounting</li></ul><p><br></p><p><strong>Snippets from the Episode</strong></p><ul><li>“I have made every single mistake that Martin talks about in his book.  Every single one of &#39;em!” -Cory Parks</li><li>“We were doing well, but we kept  coming back to our books.” -Cory Parks</li><li>My income statement is telling me that we are absolutely killing it. We&#39;re making $600,000 profit, but  where is the money? - Corr Parks</li></ul><p><br></p><p><strong>Resources</strong></p><ul><li><a href="https://offer.growth-kits.com/24-things-construction-business-owners-assistant" target="_blank" rel="ugc noopener noreferrer">24 Things</a> Construction Business Owners Need to Successfully Hire &amp; Train an Executive Assistant</li><li><a href="https://www.growth-kits.com/schedule-a-call" target="_blank" rel="ugc noopener noreferrer">Schedule</a> a 15-Minute Roadblock Call</li><li>Check out <a href="https://www.openphone.com/?utm_source=partnerstack&utm_medium=affiliate&utm_campaign=khalilbenalioulhaj3893&utm_content=standard_affiliate&pscd=get.openphone.com&ps_partner_key=a2hhbGlsYmVuYWxpb3VsaGFqMzg5Mw&ps_xid=VFecpSCp6yqIj0&gsxid=VFecpSCp6yqIj0&gspk=a2hhbGlsYmVuYWxpb3VsaGFqMzg5Mw" target="_blank" rel="ugc noopener noreferrer">OpenPhone</a></li><li>Build a Business that Runs without you. Explore our GrowthKits </li><li>Need Marketing Help? We Recommend <a href="https://bit.ly/benaliconstructyoursuccess" target="_blank" rel="ugc noopener noreferrer">Benali</a></li><li>Need Help with podcast production? We recommend <a href="https://www.demandcast.co/" target="_blank" rel="ugc noopener noreferrer">Demandcast</a></li></ul><p><br></p><p><strong>More from Cory Parks</strong></p><ul><li>HydroHelp911 <a href="https://www.hydrohelp911.com/" target="_blank" rel="ugc noopener noreferrer">website</a></li><li>Cory Parks on <a href="https://www.linkedin.com/in/cory-parks-62b534142/" target="_blank" rel="ugc noopener noreferrer">LinkedIn</a></li><li><a href="cparks@hydrohelp911.com" target="_blank" rel="ugc noopener noreferrer">Email Cory</a></li></ul><p><br></p><p><strong>More from Martin Holland</strong></p><ul><li><a href="https://bit.ly/The-Profit-Problem" target="_blank" rel="ugc noopener noreferrer">theprofitproblem.com</a></li><li><a href="https://bit.ly/Anneal-Business-Coaching" target="_blank" rel="ugc noopener noreferrer">annealbc.com </a></li><li><a href="martin@anealbc.com" target="_blank" rel="ugc noopener noreferrer">Email Martin</a></li><li><a href="https://bit.ly/Meet-With-Martin" target="_blank" rel="ugc noopener noreferrer">Meet With Martin</a></li><li><a href="https://bit.ly/Martin-Holland-LinkedIn" target="_blank" rel="ugc noopener noreferrer">LinkedIn</a></li><li><a href="https://bit.ly/Martin-Holland-Facebook" target="_blank" rel="ugc noopener noreferrer">Facebook</a></li><li><a href="https://bit.ly/Anneal-Business-Coaching-Instagram" target="_blank" rel="ugc noopener noreferrer">Instagram</a></li></ul><p><br></p><p><strong>More from Khalil</strong></p><ul><li><a href="https://bit.ly/benaliconstructyoursuccess" target="_blank" rel="ugc noopener noreferrer">benali.com </a></li><li><a href="khalil@benalimarketing.com" target="_blank" rel="ugc noopener noreferrer">Email Khalil</a></li><li><a href="https://bit.ly/meet-khalil" target="_blank" rel="ugc noopener noreferrer">Meet With Khalil</a></li><li><a href="https://bit.ly/Khalil-Benalioulhaj-LinkedIn" target="_blank" rel="ugc noopener noreferrer">LinkedIn</a></li><li><a href="https://bit.ly/benali-facebook" target="_blank" rel="ugc noopener noreferrer">Facebook</a></li><li><a href="https://bit.ly/benali-instagram" target="_blank" rel="ugc noopener noreferrer">Instagram</a></li></ul><p><br></p><p><strong>More from The Cash Flow Contractor</strong></p><ul><li>Subscribe to our <a href="https://www.youtube.com/@cashflowpod" target="_blank" rel="ugc noopener noreferrer">YouTube channel</a></li><li>Subscribe to our <a href="https://www.thecashflowcontractor.com/subscribe" target="_blank" rel="ugc noopener noreferrer">Newsletter</a></li><li>Follow On Social: <a href="https://bit.ly/thecashflowcontractorlinkedin" target="_blank" rel="ugc noopener noreferrer"> LinkedIn</a>, <a href="https://bit.ly/thecashflowcontractorfacebook" target="_blank" rel="ugc noopener noreferrer">Facebook</a>,<a href="https://bit.ly/thecashflowcontractorinstagram" target="_blank" rel="ugc noopener noreferrer"> Instagram,</a> <a href="https://twitter.com/Cashflowpod" target="_blank" rel="ugc noopener noreferrer">X(formerly Twitter)</a></li><li><a href="http://thecashflowcontractor.com" target="_blank" rel="ugc noopener noreferrer">Visit our website</a></li><li><a href="info@thecashflowcontractor.com" target="_blank" rel="ugc noopener noreferrer">Email </a>The Cashflow Contractor</li></ul><p><br></p><p><br></p><p><br></p>

The Cash Flow Contractor

Benali

249 - The $600,000 Accounting Error That Almost Destroyed My Business with Cory Parks

APR 1, 202559 MIN
The Cash Flow Contractor

249 - The $600,000 Accounting Error That Almost Destroyed My Business with Cory Parks

APR 1, 202559 MIN

Description

<p>Imagine finding a $600K error in your books! Cory Parks shares his journey from near disaster to business revival. You don’t want to miss this!</p><p><br></p><p><strong>Time Stamps</strong></p><ul><li>00:45 - Episode &amp; Guest Intro</li><li>03:25 - Cory&#39;s Business Journey</li><li>07:28 - Financial Struggles and Solutions</li><li>11:41 - Management Team and Roles</li><li>16:44 - Cory&#39;s Profit Problem</li><li>22:14 - Cory&#39;s Financial Literacy Journey</li><li>30:31 - CRM and Bookkeeping Challenges</li><li>31:56 - Automating QuickBooks Integration</li><li>32:22 - Identifying and Solving Duplicate Entry Issues</li><li>33:31 - Leadership and Financial Challenges</li><li>34:58 - Implementing Salary Cuts &amp; Transparency</li><li>36:52 - Rebuilding Financial Stability</li><li>37:49 - The Importance of Trust and Transparency</li><li>39:02 - Navigating Financial Statements</li><li>42:42 - Learning from Mistakes and Seeking Guidance</li><li>53:18 - Transitioning from Cash to Accrual Accounting</li></ul><p><br></p><p><strong>Snippets from the Episode</strong></p><ul><li>“I have made every single mistake that Martin talks about in his book.  Every single one of &#39;em!” -Cory Parks</li><li>“We were doing well, but we kept  coming back to our books.” -Cory Parks</li><li>My income statement is telling me that we are absolutely killing it. We&#39;re making $600,000 profit, but  where is the money? - Corr Parks</li></ul><p><br></p><p><strong>Resources</strong></p><ul><li><a href="https://offer.growth-kits.com/24-things-construction-business-owners-assistant" target="_blank" rel="ugc noopener noreferrer">24 Things</a> Construction Business Owners Need to Successfully Hire &amp; Train an Executive Assistant</li><li><a href="https://www.growth-kits.com/schedule-a-call" target="_blank" rel="ugc noopener noreferrer">Schedule</a> a 15-Minute Roadblock Call</li><li>Check out <a href="https://www.openphone.com/?utm_source=partnerstack&utm_medium=affiliate&utm_campaign=khalilbenalioulhaj3893&utm_content=standard_affiliate&pscd=get.openphone.com&ps_partner_key=a2hhbGlsYmVuYWxpb3VsaGFqMzg5Mw&ps_xid=VFecpSCp6yqIj0&gsxid=VFecpSCp6yqIj0&gspk=a2hhbGlsYmVuYWxpb3VsaGFqMzg5Mw" target="_blank" rel="ugc noopener noreferrer">OpenPhone</a></li><li>Build a Business that Runs without you. Explore our GrowthKits </li><li>Need Marketing Help? We Recommend <a href="https://bit.ly/benaliconstructyoursuccess" target="_blank" rel="ugc noopener noreferrer">Benali</a></li><li>Need Help with podcast production? We recommend <a href="https://www.demandcast.co/" target="_blank" rel="ugc noopener noreferrer">Demandcast</a></li></ul><p><br></p><p><strong>More from Cory Parks</strong></p><ul><li>HydroHelp911 <a href="https://www.hydrohelp911.com/" target="_blank" rel="ugc noopener noreferrer">website</a></li><li>Cory Parks on <a href="https://www.linkedin.com/in/cory-parks-62b534142/" target="_blank" rel="ugc noopener noreferrer">LinkedIn</a></li><li><a href="[email protected]" target="_blank" rel="ugc noopener noreferrer">Email Cory</a></li></ul><p><br></p><p><strong>More from Martin Holland</strong></p><ul><li><a href="https://bit.ly/The-Profit-Problem" target="_blank" rel="ugc noopener noreferrer">theprofitproblem.com</a></li><li><a href="https://bit.ly/Anneal-Business-Coaching" target="_blank" rel="ugc noopener noreferrer">annealbc.com </a></li><li><a href="[email protected]" target="_blank" rel="ugc noopener noreferrer">Email Martin</a></li><li><a href="https://bit.ly/Meet-With-Martin" target="_blank" rel="ugc noopener noreferrer">Meet With Martin</a></li><li><a href="https://bit.ly/Martin-Holland-LinkedIn" target="_blank" rel="ugc noopener noreferrer">LinkedIn</a></li><li><a href="https://bit.ly/Martin-Holland-Facebook" target="_blank" rel="ugc noopener noreferrer">Facebook</a></li><li><a href="https://bit.ly/Anneal-Business-Coaching-Instagram" target="_blank" rel="ugc noopener noreferrer">Instagram</a></li></ul><p><br></p><p><strong>More from Khalil</strong></p><ul><li><a href="https://bit.ly/benaliconstructyoursuccess" target="_blank" rel="ugc noopener noreferrer">benali.com </a></li><li><a href="[email protected]" target="_blank" rel="ugc noopener noreferrer">Email Khalil</a></li><li><a href="https://bit.ly/meet-khalil" target="_blank" rel="ugc noopener noreferrer">Meet With Khalil</a></li><li><a href="https://bit.ly/Khalil-Benalioulhaj-LinkedIn" target="_blank" rel="ugc noopener noreferrer">LinkedIn</a></li><li><a href="https://bit.ly/benali-facebook" target="_blank" rel="ugc noopener noreferrer">Facebook</a></li><li><a href="https://bit.ly/benali-instagram" target="_blank" rel="ugc noopener noreferrer">Instagram</a></li></ul><p><br></p><p><strong>More from The Cash Flow Contractor</strong></p><ul><li>Subscribe to our <a href="https://www.youtube.com/@cashflowpod" target="_blank" rel="ugc noopener noreferrer">YouTube channel</a></li><li>Subscribe to our <a href="https://www.thecashflowcontractor.com/subscribe" target="_blank" rel="ugc noopener noreferrer">Newsletter</a></li><li>Follow On Social: <a href="https://bit.ly/thecashflowcontractorlinkedin" target="_blank" rel="ugc noopener noreferrer"> LinkedIn</a>, <a href="https://bit.ly/thecashflowcontractorfacebook" target="_blank" rel="ugc noopener noreferrer">Facebook</a>,<a href="https://bit.ly/thecashflowcontractorinstagram" target="_blank" rel="ugc noopener noreferrer"> Instagram,</a> <a href="https://twitter.com/Cashflowpod" target="_blank" rel="ugc noopener noreferrer">X(formerly Twitter)</a></li><li><a href="http://thecashflowcontractor.com" target="_blank" rel="ugc noopener noreferrer">Visit our website</a></li><li><a href="[email protected]" target="_blank" rel="ugc noopener noreferrer">Email </a>The Cashflow Contractor</li></ul><p><br></p><p><br></p><p><br></p>