Hi, I'm the Profit Answer Man Rocky Lalvani! I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz Sign up to be notified when the next cohort of the Profit First Experience Course is available! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes Check out our website: http://profitcomesfirst.com/ Questions: [email protected] Email: [email protected]

In today's episode, we speak with serial entrepreneur and small business coaching consultant, Henry Lopez. With over 36 years of diverse business experience, including successful careers in information technology, sales, and business ownership, Henry has been involved in 12 different businesses since buying his first one in 1991.

 

Throughout his entrepreneurial journey, Henry has bought and sold businesses, developed new businesses, and even franchised his successful ventures. His businesses span various industries, including restaurants, real estate, software, travel, shared office space, co-working, car washing, small business coaching, and consulting.

 In this episode, you will learn the following:

●     Challenges with Cash Flow and Profitability

●        The importance of having financial visibility and understanding gross margins

●        The significance of managing inventory and shifting sales strategies in response to economic changes

●        Understanding the financial health of a business

 

Links:

Website: https://www.thehowofbusiness.com/

Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/ My podcast about living a richer more meaningful life: http://richersoul.com/ Profit First Toolkit: click here to sign up This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com Music provided by Junan from Junan Podcast Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.