10x Mastermind Call

Episode 187: Effective Record Keeping, Cash Flow Management, and Building Strong Cash Reserve


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The key points covered in the meeting will be listed below:

  • Emphasize accurate recordkeeping and documenting everything for tax purposes, using tools like MileIQ, Hurdlr, and QuickBooks.
  • Budget extra for payroll taxes and understand the additional costs associated with hiring employees.
  • Carefully manage cash flow by prioritizing essential business expenses and building cash reserves.
  • Leverage financial data from P&L and balance sheets to make informed operational decisions and reduce costs.
  • Seek expert advice from accountants to minimize taxes legally and address bookkeeping and healthcare cost challenges.
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10x Mastermind CallBy John Pyron "The Business Doctor"

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