Podcast

Cash Flow VS Profit: Why Are They different?

Episode 52

About The Show

It’s common as a business owner to look at your profit and loss statement at the end of a period and wonder why the profit figure doesn’t equate to the money in your bank account.

Business owners are often scratching their head in disbelief wondering where the money is, given the profit being reported.

Both profit and cash flow are critical components to running a successful business. Profit is what generates cash flow and cash flow pays the bills and keeps your business running. But they are two very separate things.

In this episode, we have an in-depth look at the differences between profit and cash flow and discuss, that despite being very dependent on each other, they are in fact very, very different in they way they operate in your business.

What You'll Learn!

The difference between cash flow and profit
How profit and cash flow operate differently
Why it’s possible to have a high profit with little cash flow
Why you can have cash flow with no profit
Tips you can use to improve your cash flow

Links Mentioned

Join Free - The Business Made Easy Community

Join other business owners in our Free Facebook Community all sharing their trials, ideas and wins in business. It's a fantastic community of driven and supportive entrepreneurs.

AN EMAIL SYSTEM

THAT DELIVERS

Email Marketing is one of the fastest ways to grow your business.

However, success from email marketing can only happen if you have the right tools to do the job and one of the most critical tools is your email delivery system and service provider.

You can have the best scripted email in the world but if it's not getting to your intended recipients then it's just not going to be sucessful.

Success in Email Marketing starts with an Email Service Provider that Ticks All The Boxes.

Reliable Delivery Of Your Mail To Your Audience
Cost Effective - (Particularly When Starting Out)
Out Of The Box Easy To Set Up
Easy To Use And Operate
Scales With You As Your Business Grows
Has The Automation and Smarts Of The Bigger Systems

I have used and trialled many email and automation systems in my 20+ years of business, from free inexpensive systems to the more elaborate, expensive and high end.

Convertkit, ticks all the boxes when it comes to getting results with your email marketing.

Full Episode Transcript

CHEAT SHEET!

Cashflow is critical to success in business. You can have the best business idea ever, but if you can’t generate cash and pay the bills you won’t survive.

Grab my 12 simple ways to boost your cashflow cheatsheet!

Get Notified

When We Realese

NEW EPISODES

About Your Host

Jason Skinner

Jason has been helping business owners to grow and maximise their profits and business performance for over 20 years. He takes the complicated out of business and will show you in a practical easy step by step approach, how you can take your business goals and dreams and turn them into reality without the stress and uncertainty. As a qualified CPA Accountant and Business Coach, he can help you with everything from reading and understanding the critical numbers in your business through to identifying and driving the critical activities that get the desired results you are seeking in your business fast. Jason started The Business Made Easy Podcast out of his passion for helping business owners to realise their dreams and make business success a reality. Each week he shares practical, actionable tips you can implement to take your business to the next level.