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#025 How to Keep More Money in Your Business by Doing this One Thing
Manage episode 450380205 series 3540787
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Mastering Cashflow: The Key to a Thriving Business
In this episode, Melissa, seasoned photography business owner, discusses the critical importance of understanding cashflow for small business success.
Highlighting that many boutique business owners overlook their financials, she explain that knowing what money comes in and goes out is essential. With insightful examples and practical advice, like monitoring expenses and maintaining a rainy day fund, she emphasizes that grasping this concept can differentiate a struggling business from a profitable one.
Aimed at demystifying business finance, this episode is a must-watch for any entrepreneur looking to ensure their venture's financial health.
00:00 Introduction to Business Finances
00:29 The Importance of Cashflow
01:48 Understanding Cashflow Basics
03:27 Real-Life Example: Jan's Story
05:00 Strategies for Managing Cashflow
06:54 Conclusion and Next Steps
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