Cashflow is King!

rppfm cashflow

In this episode, Warwick joins Uwe Jacobs from Property Friends, Shannon Smit from Smart Business Solutions and Jacki Mitchell from BrandStorm Marketing as we discuss Cashflow for business.

Some of the concepts we cover include:

Importance of knowing the numbers (even if you hate doing it)
Focussing on what is important in business and outsource the rest
Value of a Mentor in doing business
Impact of regulations on small business
What information the Tax Office actually uses from the BAS
Costing your products and services
How much does it cost you to open your doors each day?
When looking to borrow money for your business, Uwe has a Three Sheet of toilet paper rule.
How much you want to pay yourself and what your hourly rate is
How can you achieve more by doing less
Cashflow is different to Profit and Loss and has to be managed differently
How you Value your time and your work
Revenue is Vanity and Profit is Sanity

Enjoy the show and don’t forget to head over to the Facebook page and join the conversation.