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Revenue, Profit & Cash Flow Explained

Episode 40 Published 2 years, 11 months ago
Description

Revenue is vanity. Profit is sanity. Cash is king. What does that mean?

I give you a simple breakdown of important finances concepts, tell you ways that you can increase all three of these (hello more money in da bank) and walk you through some common mistakes I see people make.

In this episode I cover: 

  • The Profit First Model and why you should pay yourself FIRST
  • How to manage cash flow with the Bucket System
  • The difference between revenue, profitability and cash flow and why you need to be on top of these numbers
  • The biggest mistakes most biz owners make around their finances

 

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