Contrary to popular belief, cash is not the most crucial aspect of a business. Cash management is the true king. By effectively controlling your cash flow, you can effectively manage your business, leading to increased profits and more time to do what you love.

Today, we have David Richter, author of the  "Profit First for Real Estate Investors," on the show. David will assist you in transforming your business from potential failure to success by implementing the Profit First cash flow system.

Key Takeaways 

• The goal of having a business is to have more money and freedom
• Why Profit First?
• How to read the numbers and the story of your business
• Breaking down the "Profit First" system
• ”Build a business that you truly desire. Pursue your own aspirations.”
• Establish an organized system for your finances. •Setting up the "Golden Trio" for your business (Profit, Owner's Compensation, and Owner's Tax)

Resources

• Profit First for Real Estate Investors by David Richter
• Profit First by Mike Michalowicz
• Profit First REI Podcast
• Follow David Richter here
• Driving for Dollars Mastery