Revenue, Profit & Cash Flow Explained

Revenue is vanity. Profit is sanity. Cash is king. What does that mean?I give you a simple breakdown of important finances concepts, tell you ways that you can increase all three of these (hello more money in da bank) and walk you through some common mistakes I see people make.In this episode I cover: The Profit First Model and why you should pay yourself FIRSTHow to manage cash flow with the Bucket SystemThe difference between revenue, profitability and cash flow and why you need to be on top of these numbersThe biggest mistakes most biz owners make around their finances 💰Join the Net Worth Facebook Group: https://www.facebook.com/groups/womenswealthmasterclassCatch free trainings and connect with other women on the journey to wealth.   💰 WORK WITH ME:🚀 The 7 Figure Portfolio: a 6 week accelerator to 2-3X your investment returns + build a low maintenance portfolio on track for 7 figures without a Wall Street dude. DM me on IG or FB with '7-FIG' 💰Join the Compounding Queens Secret Telegram here: https://t.me/compoundingqueens Facebook - https://www.facebook.com/kristenwonchInstagram - https://www.instagram.com/kristenwonch.xox Email: [email protected]