Revenue, Profit & Cash Flow Explained
Revenue is vanity. Profit is sanity. Cash is king. What does that mean?
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Show Notes
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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