In this episode, I'm diving into the critical differences between profit and cash flow, comparing cash flow to the metabolism of your business's money. I'll share some of the most common mistakes I see business owners make that can sabotage their cash flow—like paying off credit cards too early or being too relaxed about collections. I'll also explain why prioritizing employee payroll over other financial obligations is non-negotiable and offer a fresh perspective on the timing of estimated tax payments. Together, we'll explore how to truly understand your business's financial landscape, and I'll leave you with actionable advice to help boost both your profitability and cash flow. Don't miss this episode, packed with insights and tips to help your business thrive! What You'll hear in this episode: [0:35] Understanding Cash Flow vs. Profit [2:05] Common Cash Flow Mistakes: Credit Card Payments [4:25] Prioritizing Payroll Over Other Expenses [5:00] Effective Collection Processes [6:40] Rethinking Estimated Tax Payments If you like this episode, check out: The Five Money Metrics You Need Maximize Profit and Cash Flow (Financial Priority Formula Part 2) Crafting a Profit Plan That Drives Your Business Forward Want to learn more so you can earn more? Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/ The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.