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70 percent of companies that go bankrupt are profitable when they close their doors. One may ask, how is this even possible? In this episode Steve explains how a company can fail by blindly monitoring profit while neglecting the cash movement of the business. He also shares ten reasons why the statement of cash flow is the most critical financial report to monitor due to the story that is hidden in these numbers.
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By Steve Coughran70 percent of companies that go bankrupt are profitable when they close their doors. One may ask, how is this even possible? In this episode Steve explains how a company can fail by blindly monitoring profit while neglecting the cash movement of the business. He also shares ten reasons why the statement of cash flow is the most critical financial report to monitor due to the story that is hidden in these numbers.
Support the show