Cash flow or profit?

Ever wondered why being profitable doesn't guarantee financial stability? In this episode, Fiona talks about the crucial distinction between cash flow and profit, highlighting the need for small business owners to actively track their finances. Tune in!You'll Learn How To:Tracking cash flow and profitSetting up a system for monitoring cash flowCreating a cash flow forecastUnderstanding the impact of cash flow on day-to-day operationsIntroducing the Profit First ModelManaging expenses based on profit allocationBalancing cash flow and profit to alleviate financial stressSeeking professional guidance from accountants or financial plannersGet started on a more successful and sustainable small business with our range of free tools at mydailybusiness.com/freestuffConnect and get in touch with My Daily BusinessMy Daily Business ShopMy Daily Business Free Weekly PlannerMy Daily Business Waitlist Special thanks to HoneyBook for sponsoring this podcast. HoneyBook helps independent businesses manage everything from enquiries and contracts to invoices and payments, all in one place. Use this link and code FIONA to receive 30% off until the end of September 2026. Want to get your #smallbusiness sorted in 2026/ 27? Check out our 1:1 business coaching packages from a one-off session to 6-months of coaching. Want to know more about AI and how to harness it for your small businesS? Join our new monthly AI chat for small business owners. You can join anytime at www.mydailybusiness.com/AIchat Try out my fave AI tool, Poppy AI here and use discount code FIONA. We also love Descript. Connect and get in touch with My Daily Business via our shop, freebies, award-winning books, Instagram and Tik Tok.