The Wealth Equation

Revenue, Profit & Cash Flow Explained

Episode Summary

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

Episode 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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