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The Road to Seven
The Road to Seven
Cash Flow Is The Life Blood Of Your Business
“Just because you have profit doesn't mean you have great cash flow, and the only way to know if you're in the clear with your cash flow is to be tracking it, seeing it, and following it.”
- Shelagh Cummins
Your cash flow is the lifeblood of your company. It ensures that your business can meet its day to day operations, and it also is a tool for you to expand and scale. However, what so many entrepreneurs believe to be true, is that your revenue is equal to your cash flow, and that does not work when unexpected expenses pop up, or you need to make a major investment in your business in order to scale.
Tune in, because I’ll be taking you through the three biggest misconceptions about cash flow that I see entrepreneurs struggling with all the time. Your revenue is not equal to your cash flow, a profitable business does not mean that you have strong cash flow, and that cash flow problems can only be solved with more sales.
We’ll also discuss your financial practices, and I’ll share my strategies for solid financial practices with you, so that you can confidently tackle any cash flow problems your business may face in the future.
Believe me when I say that on today’s episode of The Road To Seven Podcast you’re going to learn everything you need to know about cash flow, and how to make sure you have more than enough to keep your business running smoothly.
In this episode of the Road to Seven podcast, you’ll discover:
- My Google Sheets spreadsheet to track your cash flow
- How to plan for unexpected expenses in your business
- How to establish and maintain good financial practices
Highlights:
00:01 Intro
02:00 Understanding the cash flow for your company
03:52 Your revenue is not equal to your cash flow
05:46 A profitable business does not mean you have strong cash flow
07:02 Misconception: Cash flow problems can only be solved with more sales
11:10 Cash flow and emotions
13:22 Weekly time to review
Links:
Cash flow tracker: https://cummins.kartra.com/page/cashflow
To work with me and make your next power move, visit:
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