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Maximizing Profit and Cash Flow for Small Business Owners
Manage episode 447477153 series 3595004
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In this episode of The Giant Builders, we dive deep into the world of business finance with a seasoned expert who shares valuable insights for small business owners. From managing cash flow to preparing your business for sale, you’ll learn actionable strategies to ensure financial stability and growth.
Key highlights include:
The importance of understanding cash flow vs. profit
Why you need to have your business run without you to sell it
Common financial mistakes business owners make
How to manage your business as an investment
If you're a business owner looking to optimize your finances, grow profitably, and prepare for the future, this episode is for you. Don't forget to like, subscribe, and share this episode with fellow entrepreneurs!
01:30 – How the guest transitioned from education to business finance
02:56 – Building a client-focused financial model
03:45 – The importance of regular dialogue with business owners
05:00 – When is the best time to focus on your finances?
06:00 – Biggest concern for businesses: Cash Flow
10:20 – The importance of understanding profit vs. cash flow
12:40 – Steps to prepare your business for sale
16:00 – Advice for new business owners
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