Why Hoarding Cash Is Quietly Slowing Your Growth
Most consultancy owners I work with are actually pretty good at making money.
But a surprising number of them are sitting on large cash balances in their business bank account — and doing nothing with it.
No real plan. No deliberate deployment. Just a growing number that feels safe.
Here's the problem: money that isn't working isn't helping you grow.
In this week's podcast episode, I unpack why hoarding cash inside your consultancy can quietly become one of the biggest bottlenecks to your next phase of growth — and what to do instead.
Inside this episode we cover:
- Why a business bank account is not an investment strategy.
- How delaying hires and not building systems keeps you trapped in the day-to-day.
- The real cost of not investing in operational support.
- How to shift your relationship with money — from protection mode to deployment mode.
- How to put capital to work, whether inside the business or building wealth outside of it.
I also share a great example from John and Amanda inside our Boardroom community — who invested in an Operations Manager and admin support, and what it unlocked for them.
If you're sitting on cash in your business right now and you're not quite sure what to do with it — this episode will help you think about it differently.
Click Here to watch the video.
Click Here to listen to the full episode.
One question to sit with this week:
Is the money sitting in your business actually working for you — or is it just there because it feels safe?
To your success,
Josh
PS: If you’re interested, here are 4 ways I can help you right now:
- Grab a copy of my new book | Profitable Engineering Consultant | 9 strategies to grow with confidence, get your time back & consistently hit 30% plus net profit margins – Click Here
- Subscribe to our podcast | Learn how to run a more profitable consultancy and grow successfully – no fluff, just actionable and practical advice from someone who grew a consultancy to $30M and exited successfully – Watch Here or Listen Here + make sure you subscribe!
- Download our free Business Plan template | Map out your Business Plan & grow your consultancy with confidence – Click Here to download now
- Book a 20-minute Business Audit Call | We’ll do a full review & audit of your business, uncover the #1 bottleneck that's holding you back right now & develop a 3-step action plan together for how you can get results faster. You'll leave this call with a clear and actionable plan for what to do next in your business – Book Here
