In a recent client session, I had an enlightening discussion that yielded insights applicable to many business owners. Delving into the intricacies of cash flow, we uncovered its pivotal significance for all enterprises, particularly startups, where it can be a determining factor in your success.

 

Furthermore, we emphasized the critical distinction between client volume and individual client revenue. Join us as we take a comprehensive exploration of these pivotal topics and illustrate their importance with real-world examples drawn from the impactful client session.

 

What you'll hear in this episode:

[1:20] In this episode, we delve into the importance of tracking your income sources and expenditure, not just your outflows.

 

[2:22] Primary insight #1 stemming from a recent session with a CFO client - the critical role of cash flow.

 

[4:33] One common pitfall I often observe in cash flow planning among newer business proprietors.

 

[5:40] Primary insight #2 extracted from a session with a CFO client - the juxtaposition of clients and revenue.

 

[9:47] Scrutinize your revenue streams carefully and assess if any should be terminated to free up time for more profitable ventures.

 

If you like this episode, check out:

QuickBooks Tips to Keep You Out of Your Books and in Your Business with Crystalynn Shelton

Financial Metrics to Know for Service Based Businesses

Questions to Ask Yourself as a CEO

Want to learn more so you can earn more?

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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.