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SAVAGE Entrepreneur Podcast

THIS is Why 82% of Entrepreneurs FAIL

June 21, 2022 Mike Savage
SAVAGE Entrepreneur Podcast
THIS is Why 82% of Entrepreneurs FAIL
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SAVAGE Entrepreneur Podcast
THIS is Why 82% of Entrepreneurs FAIL
Jun 21, 2022
Mike Savage

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SUMMARY

  • "There really is only 1 way to go out of business, and that's if you run out of cash." 
  • The Savage Secrets Cash Flow Tracker™ takes all the complexity out of your Cash Flow statement. Simply plug in your own numbers and get rolling. You can download it here: https://thesavagesecrets.com/cashflow
  • When you're trying to GROW you business, it is really difficult to run your company without a solid understanding of cash flow.
  • An Income Statement is like a Report Card. It's your results over a period of time. A Balance Sheet shows the net value of your business, in a moment in time. Cash Flow is like your heart pumping blood throughout your body. "Cash Flow is constantly working." 
  • This episode is a deep dive into the ins & outs of a Cash Flow Statement. You'll go through a real life example to simplify the concept and make understanding easy. 
  • If you have questions on the spreadsheet or another business challenge, shoot me an email at coachmike@thesavagesecrets.com. 
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Show Notes

Full Transcript

SUMMARY

  • "There really is only 1 way to go out of business, and that's if you run out of cash." 
  • The Savage Secrets Cash Flow Tracker™ takes all the complexity out of your Cash Flow statement. Simply plug in your own numbers and get rolling. You can download it here: https://thesavagesecrets.com/cashflow
  • When you're trying to GROW you business, it is really difficult to run your company without a solid understanding of cash flow.
  • An Income Statement is like a Report Card. It's your results over a period of time. A Balance Sheet shows the net value of your business, in a moment in time. Cash Flow is like your heart pumping blood throughout your body. "Cash Flow is constantly working." 
  • This episode is a deep dive into the ins & outs of a Cash Flow Statement. You'll go through a real life example to simplify the concept and make understanding easy. 
  • If you have questions on the spreadsheet or another business challenge, shoot me an email at coachmike@thesavagesecrets.com.