We are talking all things quarters today and the importance of looking back and looking ahead! It's so important, as we stress, that you know your calendar. Even we, for example, have different ideas of what the most important quarter is because of what our businesses offer and what type of clientele we attract. It's so important to know your target clientele and offer what's wanted and what's trending, and we talk about that and also warn against the dangers surrounding projecting ahead. While projection is important, it does have its pitfalls that you need to be wary of!

We also talk about various other subtopics such as the relationship between quarters and cash flow, credit cards and how different credit card companies operate and have slightly different expectations, the importance of allocation and budgeting, and so much more! As always, we had a blast talking with each other about this, and we really hope that this discussion helps listeners start thinking and planning ahead because it's so important! Until next time, we would love to hear from you, so please reach out to us via the contact info provided in the show notes!

 

Time Stamps

[0:30] – Michele just wrapped up her second quarter.

[1:57] – Karamel asserts that the last quarter is most important to her and explains why.

[4:08] – Michele reveals that she isn't going to hire anyone third quarter.

[4:57] – Karamel reflects on her fourth quarter last year.

[6:06] – Michele and Karamel discuss on-demand jobs like DoorDash and Uber.

[8:52] – Karamel connects the idea of quarters to cash flow.

[11:13] – Karamel doesn't believe in debt.

[13:05] – Discover the reason why this quarter has been hectic for Karamel.

[15:03] – Karamel stresses the importance of allocation.

[17:18] – One of the best things that Karamel did was acquire business credit cards.

[20:07] – Karamel and Michele talk about credit card companies that require monthly payments.

[22:07] – Karamel brings the conversation back to cash flow.

[23:00] – Michele warns us about projecting ahead.

[24:18] – Michele shares why she is a proponent of budgeting.

[27:19] – Karamel reveals the Women Travel Abroad plan for the next couple of years.

 

Resources

CEO Chronicles – Website

Email CEO Chronicles: [email protected]

Email Michele: [email protected]

Email Karamel: [email protected]

CEO Chronicles - “Cash flow are you swimming or sinking?”

Women Travel Abroad - Website