Ever wondered why being profitable doesn't guarantee financial stability? In this episode, Fiona talks about the crucial distinction between cash flow and profit, highlighting the need for small business owners to actively track their finances. Tune in!

You'll Learn How To:

Tracking cash flow and profit
Setting up a system for monitoring cash flow
Creating a cash flow forecast
Understanding the impact of cash flow on day-to-day operations
Introducing the Profit First Model
Managing expenses based on profit allocation
Balancing cash flow and profit to alleviate financial stress
Seeking professional guidance from accountants or financial planners

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Cash flow or profit?