Cashflow and “Good” vs “Bad” Accounting For Small Business With Guest Expert Patrick Dichter (EP 48)

We’ve all been there, trying to figure out how to get our businesses to have a consistently healthy cash flow instead of running on the razer edge, but still falling into some common cash flow traps for service businesses.In today’s episode of the Biz Doctor, Lauren Goldstein is joined by Patrick Dichter, the owner of Appletree Business Services, an accounting and tax firm for small businesses. This episode is going to illuminate the world of unlocking cash flow in your business, demystifying good bookkeeping vs bad bookkeeping, and, the juiciest part, the case for NOT doing Profit First accounting in your business…If you have ever asked yourself how to increase (or better understand) your cash flow or if you should shift to profit first accounting in your business, this is going to be an episode that quite literally pays dividends.Lauren and Patrick discuss: What is cash flow for small businesses: The hallmarks of healthy cash flow and common cash flow traps“Good” bookkeeping vs “Bad” bookkeeping - What KPIs small businesses should be paying attention toWhat’s not to like about Profit First accountingConnect with Patrick:Appletree Business Services - Website: https://www.appletreebusiness.com/ Facebook Link: https://www.facebook.com/patrick.dichter.7 Instagram profile link: https://www.instagram.com/appletreebusiness/ LinkedIn profile link: https://www.linkedin.com/in/pdichter/ Twitter profile link: https://twitter.com/patrickdichter Patrick’s book recommendation: The E Myth: https://amzn.to/3nU16lG —Want more insight into your cashflow? Access our free google sheet here to plug and play your numbers todayOr watch the video Patrick recommended on how to build an 8 week cash flow forecast here: https://www.youtube.com/watch?v=I_lp49Guv54 -------------------------If you enjoyed this episode and it sparked something in you, please give us a 5 Star rating/review and share this with your friends and fellow business owners.Also, don’t forget to subscribe so you are the first to get notified when our next episode is live and ready for your ears.-------------------------Meet your host. Lauren Goldstein is founder and CEO of the award-winning and globally-recognized business consulting firm, Golden Key Partnership. Her clients lovingly call her “The Biz Doctor” (which also happens to be the way this podcast got its name). Her superpower is helping 7-figure service-based entrepreneurs uncover what is keeping them stuck in the trenches of their business, so that they can have more freedom, profitability, impact, success, happier teams, and can breathe a much needed sigh of relief.She’s been featured in Thrive Global, Huff Post, Authority Magazine and is a trusted expert to fortune 500 companies like Apple, Nike, and AT&T, among others.For more from Lauren, and to learn more about her signature diagnostic framework or how she helps business owners get out from under her business visit her website https://www.GoldenKeyPartnership.comYou can also connect with her on instagram (www.instagram.com/itslaurengoldstein) or LinkedIn (www.linkedin.com/in/laurenegoldstein)The Biz Doctor is produced by Story Studio Network. www.storystudionetwork.com/