Managing startup cashflow with "Profit First"

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Summary:

As an entrepreneur, it's not always easy and obvious to manage our money properly. Especially, if we are ambitious entrepreneurs, it might also push us to take some risks and make investments into high potential projects that, unfortunately, often take more time to provide a return on investment. In today's episode, I'm going to share the well-known methodology that helped me a lot with money management. It's called "profit first” It's so good that I'm now using it for both, my businesses as well as my personal finance. I'm going to explain you the essentials of that methodology and how it can help you reduce stress while increasing your profit.

As an entrepreneur, it's not always easy and obvious to manage our money properly. Especially, if we are ambitious entrepreneurs, it might also push us to take some risks and make investments into high potential projects that, unfortunately, often take more time to provide a return on investment. In today's episode, I'm going to share the well-known methodology that helped me a lot with money management. It's called "profit first” It's so good that I'm now using it for both, my businesses as well as my personal finance. I'm going to explain you the essentials of that methodology and how it can help you reduce stress while increasing your profit.