The Profit Priority Podcast

004: How to Measure The Health of Your Business

October 13, 2022 LoriAnn Kuntz Episode 4
The Profit Priority Podcast
004: How to Measure The Health of Your Business
Show Notes

Today’s episode is all about how to determine and measure the health of your business. While we can look at our profit loss report to tell us what is going on, there are a lot more signs we can look for - like our cash flow, to really reveal the status of our business. I talk about how to ensure you have a positive cash flow, things you may be doing that impact your cash flow, and tips to ensure you maintain a positive cash flow. 

In this episode, we cover:

  • The impact of a negative cashflow [1:46]
  • Paying for personal bills out of a business account [7:52]
  • Dealing with inconsistent income months and how clients pay you [10:00]
  • Maintain a minimum balance in your account [14:44]
  •  Bill before services are rendered [17:04]
  • Revaluate your expenses and have a rainy day fund [20:04]


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