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Important Difference Between Profit And Cash Flow

May 19, 2020 by JoshPatrick Leave a Comment

There’s a problem I see over and over again with business owners like you. Too often I see businesses that appear to be doing well and one day they close their doors and disappear from the world. This is something you likely don’t want to have happen in your business. There is one simple reason why this happens. That reason is the topic of this week’s video and it’s one that if you don’t learn could lead to really unhappy experiences in your … [Read more...]

Filed Under: Video Tagged With: budgeting, business budgeting, cash flow, cash flow statement, profit, profit and loss statement, simplified budgeting, sustainable business, things that create cash, things that eat cash

Profit Is A Result, Not A Purpose

October 1, 2019 by JoshPatrick Leave a Comment

I’m really sick and tired of hearing that the purpose of a business is to make a profit. If that’s the purpose of a business, then that would mean the purpose of me doing business with your business is for you to make a profit. Does that make any sense at all? In today’s video we’re going to talk about why profit is a result and not a purpose. We’ll also be talking about the real purpose of a business….and that is to provide a product or … [Read more...]

Filed Under: Video Tagged With: budgeting, business purpose, business result, customers, employees, planing, profit, profit-share, simplified budgeting, sustainable business, values

Cash Flow Statement: What It Is & How It’s Put Together?

May 14, 2019 by JoshPatrick Leave a Comment

You know, several weeks ago I did a couple of videos on how to create excess cash in your business. During these videos I talked about a thing called the cash flow statement. And since I put those videos out, I've gotten lots of questions from folks about what a cash flow statement actually is, and how to use it. Now, that's what today's video's all about. It's about what a cash flow statement is and how it's put … [Read more...]

Filed Under: Video Tagged With: accountant, balance sheet, bookkeeper, cash flow, cash flow statement, cpa, depreciation, excess cash, profit, profit and loss statement, sustainable business

What Is Cash Flow From Operations?

March 19, 2019 by JoshPatrick 2 Comments

If you've read any of the stuff I write about cash being king in your business, you've also heard me talk about the term cash flow from operations. A question I often hear is what is cash flow from operations. So the easiest way to look at whether you're creating cash or you're using cash is just to look at your bank balance. Now, if your bank balance is growing, you would think you have cash and if your bank balance is shrinking, you would … [Read more...]

Filed Under: Video Tagged With: accounts payments, accounts receivable, borrowed money, cash, cash flow, cash flow from operations, cash flow statement, depreciation, inventory, loans, new equipment, profit, profit and loss statement, sustainable busines

Should You Become A Benefit Corporation?

December 27, 2018 by JoshPatrick Leave a Comment

I bet you're a business owner who has created a great business where you and your business do amazing things. I also bet that you wish there was a way the world can know about all the wonderful things your business does for your employees, your community, and the planet, for that matter. Now, what if I could show you a way where you would have proof that you're doing the great things you know your business does. In this video, we are going to … [Read more...]

Filed Under: Video Tagged With: audacity, benefit corporation, energy, love, people, planet, profit, proof, radical leap, sustainable business, transparency

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About Josh

Why would you want to listen to me?

My specialty is working with owners of private businesses. It’s where I have the most interest and can add the most value. If you own a business and are interested in a coaching relationship as well as mentoring, I’m your guy. Read More
The Sustainable Business Podcast and Josh Patrick invite you to subscribe, rate, and review our podcast on iTunes if you love what you're hearing! Thank you!

ABOUT JOSH PATRICK

My main focus in life is helping private business owners create a sustainable business that will last past them. I help create great outcomes using life experiences I’ve had during my almost forty years of running and being around my favorite people, private business owners. I’m a student, an entrepreneur and a curious observer of life. Read More
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