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Cash Flow Management: 4+ Bank Accounts to Maximize Profits
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Discover how to maximize your cash flow and never worry about money management again!
Learn about Cash Flow Management with this podcast episode which discusses a new cash flow method that could help improve your firm's profitability. This method involves having four to five bank accounts, including an income account, an operating expense account, a profit account, and a tax savings account. It also includes tips on how to maximize profitability, such as avoiding bad clients, raising rates, billing regularly, and double-checking expenses. Additionally, learn how to save on expenses, such as looking at staffing expenses, physical space needs, and vendor arrangements.
"If you don't ask, you shall not receive."
In this episode, you will learn the following:
1. How can firms ensure profitability and cash flow management with a new cash flow method?
2. What are the tips to maximize a firm's profitability and cut expenses?
3. What strategies can be used to negotiate with vendors to save money?
For more episodes and a free Law Firm Owner Profit Toolkit, go to https://lawandprofit.com
About Jayden
Jayden was not always the financial guru that he is today. Growing up in a household just shy of the federal poverty line in Prince George’s County, Maryland, he knew the importance of money management but didn’t have the tools to create the financial stability he so desperately craved. After graduating Towson University with a B.S in Accounting and incurring a large amount of debt, Jayden was determined to make a change.
With a little hard work, and A LOT of sacrifice, Jayden became independent, gained professional growth as an accountant at a small CPA firm in Atlanta, and became a Certified Public Accountant. Over the next years, he’s worked with clients in just about every industry — helping them not only expand their financial portfolios, but to create plans that ensure financial sustainability and minimize taxability.
As a CPA, Jayden’s goal is to help entrepreneurs like himself gain independence and create a unique action plan to bring more to their bottom line while paying less in taxes. Invest in yourself and start working with Jayden TODAY!
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