Cashflow. Revenue. Profit. Monthly Recurring Revenue.

There are a lot of terms thrown around out there and it can be confusing.

In this episode, I explore the often misunderstood concepts of cashflow and profit. Inspired by a conversation with a client, we look at what these all mean and how these terms, though related, are not interchangeable.

We look at the definition of cashflow and profit and the distinctions between them. I give a real-life Beauty Business client example and we'll examine how recurring revenue impacts both cashflow and profit—and why they must be evaluated separately.

You'll learn:

- What cashflow means for your business and why it's vital for survival.

- The difference between revenue and profit and why more sales don't always mean more profit.

- How monthly recurring revenue (MRR) from memberships can affect your bottom line and potential pitfalls if not managed correctly.

- The importance of pricing your services profitably, especially when implementing membership models.

Ready to Prosper and Profit? Let's dive in.

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Looking for help to transform your business into the thriving, profitable business you know it could be? Book a Discovery Call with Laura here www.laurajohagan.com/book-call

Connect with Laura

Website: www.laurajohagan.com

Email: [email protected]

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