Episode Details
Back to EpisodesRevenue, Profit & Cash Flow Explained
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
💰Join the Net Worth Facebook Group: https://www.facebook.com/groups/womenswealthmasterclass
Catch free trainings and connect with other women on the journey to wealth.
💰 WORK WITH ME:
🚀 The 7 Figure Portfolio: a 6 week accelerator to 3X your returns, optimize your portfolio + build a high performing portfolio on track for 7 and 8 figures. DM me on IG '7-FIG'
💰Join the Compounding Queens Secret Telegram here: https://t.me/compoundingqueens
Facebook - https://www.facebook.com/kristenwonch
Instagram - https://www.instagram.com/kristenwonch.xox
Email: kristen@kristenwonch.com