Cash Flow Is The Life Blood Of Your Business

“Just because you have profit doesn"t mean you have great cash flow, and the only way to know if you"re in the clear with your cash flow is to be tracking it, seeing it, and following it.” - Shelagh Cummins Your cash flow is the lifeblood of your company. It ensures that your business can meet its day to day operations, and it also is a tool for you to expand and scale. However, what so many entrepreneurs believe to be true, is that your revenue is equal to your cash flow, and that does not work when unexpected expenses pop up, or you need to make a major investment in your business in order to scale. Tune in, because I’ll be taking you through the three biggest misconceptions about cash flow that I see entrepreneurs struggling with all the time. Your revenue is not equal to your cash flow, a profitable business does not mean that you have strong cash flow, and that cash flow problems can only be solved with more sales. We’ll also discuss your financial practices, and I’ll share my strategies for solid financial practices with you, so that you can confidently tackle any cash flow problems your business may face in the future. Believe me when I say that on today’s episode of The Road To Seven Podcast you’re going to learn everything you need to know about cash flow, and how to make sure you have more than enough to keep your business running smoothly. In‌ ‌this‌ ‌episode of the Road to Seven podcast,‌ ‌you’ll discover:‌ ‌My Google Sheets spreadsheet to track your cash flowHow to plan for unexpected expenses in your businessHow to establish and maintain good financial practices    Highlights:‌ ‌ 00:01 Intro   02:00 Understanding the cash flow for your company 03:52 Your revenue is not equal to your cash flow 05:46 A profitable business does not mean you have strong cash flow   07:02 Misconception: Cash flow problems can only  be solved with more sales   11:10 Cash flow and emotions   13:22 Weekly time to review   Links:‌ ‌ Cash flow tracker: https://cummins.kartra.com/page/cashflow To work with me and make your next power move, visit: https://theroadtoseven.com Stay Connected Like what you’re hearing? Click here to follow on Apple Podcasts for more episodes to boost your Road to Seven today! I have more episodes with great tips and conversations with women that are revolutionizing the way we do business - don’t miss it!  You can also join the Road To Seven Facebook group to meet other like-minded entrepreneurs who want to band together and help each other rise up. I would be really grateful if you left a review on iTunes so that others can find and boost their business too! Just click here to review, select “Ratings and Reviews” and “Write a Review” I’d also love to hear what your favourite part of this episode is in the comments below. Thank you! Follow me! Instagram: @shelaghcummins Twitter: @shelaghcummins https://facebook.com/ShelaghCummins https://linkedin.com/in/shelaghcummins