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Maximizing Profit and Cash Flow for Small Business Owners
Episode 19529th October 2024 • The Giant Builders • Lois Wyant
00:00:00 00:24:40

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In this episode of The Giant Builders, we dive deep into the world of business finance with a seasoned expert who shares valuable insights for small business owners. From managing cash flow to preparing your business for sale, you’ll learn actionable strategies to ensure financial stability and growth.

Key highlights include:

The importance of understanding cash flow vs. profit

Why you need to have your business run without you to sell it

Common financial mistakes business owners make

How to manage your business as an investment

If you're a business owner looking to optimize your finances, grow profitably, and prepare for the future, this episode is for you. Don't forget to like, subscribe, and share this episode with fellow entrepreneurs!

01:30 – How the guest transitioned from education to business finance

02:56 – Building a client-focused financial model

03:45 – The importance of regular dialogue with business owners

05:00 – When is the best time to focus on your finances?

06:00 – Biggest concern for businesses: Cash Flow

10:20 – The importance of understanding profit vs. cash flow

12:40 – Steps to prepare your business for sale

16:00 – Advice for new business owners

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