))
Cashflow, Culture, and Common Sense: Lessons from 50 Years in Business with Charles Read
Manage episode 523300714 series 3685908
Content provided by Carly Pepin. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Carly Pepin or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this episode of Built for This, Carly sits down with Charles Read, founder of GetPayroll, decorated Marine veteran, CPA, and author of The Payroll Book: A Guide for Small Businesses and Startups.
With over 50 years of financial leadership experience, Charles shares the hard-earned wisdom that every entrepreneur needs to hear — from understanding cashflow and building loyal teams to keeping your ego in check as a leader.
Whether you’re just starting your business or scaling toward seven figures, this episode will remind you that success isn’t just about profit — it’s about people, process, and principles.
Key Takeaways Cashflow is King — Not ProfitCharles shares with Carly why showing profit on paper doesn’t mean you can actually pay your bills. He breaks down the difference between accounting profit and real cash in the bank—and explains why cashflow, not profit, determines whether a business survives or collapses.
Drop the Ego and Lead with MissionCharles talks with Carly about how his Marine Corps motto, “Mission. Men. Self.”, became the foundation of his leadership philosophy. He and Carly explore how focusing on the mission and taking care of your people—before yourself—creates sustainable success, while ego-driven leadership can quietly destroy even the strongest companies.
Build a Business That Can Run Without YouCharles reveals to Carly how he designed GetPayroll to keep running smoothly even if he’s not there—complete with systems, procedures, and empowered people. As he tells her, “If I drop dead today, the payrolls will still run tomorrow.” It’s a powerful example of true operational freedom and legacy-focused leadership.
Quotes
“You can be profitable and still go bankrupt — because profit isn’t cash.”
“Your job as a CEO isn’t to be the smartest in the room. It’s to hire the smartest person in the room.”
“Without my people, I’d be nowhere.”
Connect with Charles Read
https://www.linkedin.com/company/getpayroll/
https://www.facebook.com/GetPayroll/
10 episodes
Share
