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Payday for the Boss: Cash-Flow Moves to Fund You
Episode 248
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What do you do when your business grows, but your pay doesn’t? It’s a common issue for product business owners. Today, we’re talking about how to pay yourself sustainably.
Paying yourself from your product business isn’t always straightforward. In this episode, I’ll explain why it’s more complicated than it seems and walk you through some common mistakes and how to avoid them.
We’ll also address myths, like the idea that reaching six figures means you can automatically pay yourself more. It’s not always that simple. You might see your sales grow but still struggle with cash flow.
By the end of this episode, you’ll understand why cash flow can feel chaotic and what you can do to get it back on track. If you’re ready to start paying yourself properly, this episode is for you!
What's Inside?
[02:32] Why product businesses need different strategies
[06:10] Money myths and the metrics that matter
[08:02] The importance of cash flow forecasting
[15:02] What business owners need to pay themselves
[18:46] How to start letting go of your financial fears
[22:56] Get 1:1 support to sort out your retail finances
Resources Mentioned in This Episode:
Profit First by Mike Michalowicz
Mentioned in this episode:
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Published on 7 months, 3 weeks ago