While many concern themselves with increasing their revenue, responsible business owners recognize that it’s cash flow that keeps business afloat. For a company to stay financially healthy and prosperous throughout the years, you’ll need to keep a close eye on every single thing that’s going into and out of your accounts, as well as what has yet to do either.
Cash flow expert Chris Miles explains that your business can be profitable but still experience cash flow problems. The cause? Failing to collect on your receivables. “Whether or not it’s on the books-to-be down the road, that’s not guaranteed,” he explains. “It’s got to be something that’s coming in right here and now that actually proves it.”
In the latest episode of the “Winning on Main Street” podcast, Miles, anti-financial advisor and host of the podcast The Chris Miles Money show, shares his view on looking beyond revenue and tips for gaining more financial freedom within your company.
Miles is a leading authority on how to create cash flow and lasting wealth. He has not only been featured in US News & World Report, CNN Money and Entrepreneur on Fire, but is also known for retiring twice by the age of 39.
A Sneak Peek
Where you have more cash flow, that’s where there’s more options, and when you have more options, then you have more freedom.
More of what you can expect to hear:
Discover tools to track what’s going on in your business. Tips to becoming more efficient with expenses. Turn your passive accountant into a year-round strategy booster. About “Winning on Main Street”
“Winning on Main Street” isn’t your everyday business podcast. Learn how to run a small business in today’s evolving landscape.
In each episode, Gordon Henry brings together small business owners and industry experts to discuss the challenges of starting a business, keeping it running and how to get ahead.
About Gordon Henry
Thryv’s Chief Strategy Officer Gordon Henry hosts “Winning on Main Street.” Gordon is passionate about helping small businesses grow, modernize and thrive in today’s environment. Gordon has more than 25 years of experience in client acquisition strategies and marketing. He’s also a leader in enhancing company images through public relations, brand management and advertising.
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