In today’s episode, we have Adam Lean joining us from the CFO Project, a pro at steering businesses toward peak cash flow and profit. Adam reveals the six pivotal drivers of cash flow and why mastering them is crucial for your company's health.
Say goodbye to just 'owning a job' and hello to a thriving, profitable enterprise. We'll explore Adam's expertise in elevating businesses beyond the day-to-day, giving you the tools and insights needed to really keep what you earn.
Adam Lean is a former accountant turned 2-time entrepreneur who built, scaled, and sold two businesses. While helping other business owners, he realized his passion was teaching and providing tools to business owners to help them make more money and have a peace-of-mind. He currently runs The CFO Project - a training company that trains financial professionals on how to offer CFO and advisory services
Facebook: https://www.facebook.com/thecfoproject
LinkedIn: https://www.linkedin.com/company/thecfoproject/
Website: https://thecfoproject.com/
What you'll hear in this episode:
06:20 CFO services, business transformation program.
08:42 Positive cash flow essential for business survival.
10:54 Profit ≠ Cash Flow: Making revenue ≠ having money.
17:09 Accelerate customer collections, extend credit wisely, manage debt.
19:59 Debt can be good if used wisely.
22:10 Accountants and bookkeepers guide clients with financial strategy.
26:22 Focus on fewer things for faster results.
29:35 Focus on right things, turning data into decisions.
32:46 Train accountants to communicate effectively with businesses.
If you like this episode, check out:
Best Practices to Collect Cash from Customers Faster
How to Generate Cash Without Increasing Price
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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.