On today's episode, Shannon dives into part two of our Financial Priority Formula as we explore how to maximize profit and cash flow for your business. We'll revisit the concept of gross margin from our previous discussion and delve into the intricacies of operating profit and cash flow. I’ll explain the key differences between these two metrics and why understanding them is crucial for running a successful and profitable enterprise. Plus, Shannon will share actionable tips to improve your financial health and cash flow management. Whether you're just starting out or looking to fine-tune your financial strategies, this episode is packed with valuable insights you won't want to miss.

 

What you'll hear in this episode:

03:31 Gross profit crucial before evaluating operating profit.

07:11 Profitability and cash flow are crucial.

10:03 Improve cash flow by timing changes & incentives.

 

If you like this episode, check out:

Cash Management Strategies

What Makes Finding a Reliable Tax Professional So Challenging?

CFO Q&A: Should You Pay Off Loans with Extra Cash?

 

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Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

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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.