One of my favorite books is one by Mike Michalowicz. The title is Profit First. The concept is really pretty simple. Pay yourself first and then use what’s left over to run your business. As simple as you think this is, in practice it requires great discipline. There is something that I think can be added to this book that will bring you even more value. And, that’s understanding what profit needs to be used for. I often find owners aren’t … [Read more...]
Do You Understand Cash Flow Jargon?
Every industry has its own language and this is often referred to as jargon. Now I personally hate jargon, especially when I don't know what it means. I often feel the person I'm speaking with is trying to make me feel dumb. And I know they're not, but at the same time jargon is very useful, and it's useful because it gives you a short hand way to explain something and that's my belief on why it exists. Today’s video is about the jargon that’s … [Read more...]
196 – Grow Your Business By Managing Cash Flow – Blaine Bertsch
In this episode Josh talks with Blaine Bertsch, CEO of Dryrun and author of "Pandemic Cashflow". They discuss how critical cash flow is in a business and how many business owners fail to manage it. Blaine Bertsch is the Co-Founder and CEO at Dryrun, where he oversees the strategic direction and core operations for the company and the software platform. Blaine also leads the application’s design direction, resulting in a beautiful, flexible and … [Read more...]
How To Create Excess Cash In Your Business
I've become obsessed with what it takes to create excess cash in a business. I learned a long time ago from personal experience that without excess cash the only thing you're ever going to be thinking about is "How do I create more cash in my business?". You might want to know about the four absolutes I've learned about cash and having enough of it in my business. If so, watch this short video to find out. Transcript I've become … [Read more...]
183 – Cracking the Cash Flow Code
On this episode Josh discusses what he considers an essential topic, "Cracking the Cash Flow Code" and talks about the 5 stages of your business. Josh Patrick is the founder of Stage 2 Planning Partners and The Sustainable Business. He is also the author of Sustainable, a fable about creating a personally, and economically sustainable business, and most recently he is the creator of Cracking the Casual Code and the Financial Freedom … [Read more...]
