It's shocking to learn that your business appears profitable but it is actually broke. How is that possible, you ask? Because profitability and cash flow are not the same. Your profit and loss report ...
Commingling personal and business finances is a common startup trap. Many business owners fund their venture using personal bank accounts, credit cards, or family loans, without opening separate accou...
Your burn rate is how much money your business spends monthly aka your expenses. This includes cost of goods sold, expenses, owner pay, loans, etc. It is ok to have a high burn rate if you plan for it...
Most business owners ask: “How much do I want as a top line?” The better question is: “How much do I want to profit?”Â
Traditional financial thinking for business owners is this equation: Income - Ex...
For any startup business owner, the most important financial truth is this: cash flow only flows when you have cash. Your business can be profitable on paper and still go under if it runs out of cash ...
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