Sin #6 - Running Your Business Based on Cash in the Bank

Prosperity on the Horizon

Welcome back to Prosperity on the Horizon with the second last episode of our podcast series discussing The 7 Deadly Cash Flow Sins!

In this segment, we delve into the deceptive nature of relying on your bank account as an accurate measure of business prosperity.

We kick off by addressing a common misconception in the business world — the belief that the raw number in your bank account equates to your profit.

Continuing the discussion we emphasise the dangers of making business decisions solely based on your bank balance. The repercussions, such as debt and distress, are often realised too late, catching business owners off guard. We cannot stress enough the importance of recognising that the balance you see is not synonymous with your profit and that relying on your bank account for business decisions can lead to financial ruin.

We share three critical steps that can steer your business toward a prosperous future, so make sure you listen to the end.

True prosperity lies in understanding the complexities of the numbers, deciphering the story they tell, and making informed decisions based on these insights. By understanding the true nature of your bank balance, you liberate your business from financial mismanagement and pave the way to lasting prosperity.

Join us in the next episode as we continue unravelling the intricacies of successful cash flow management!

If you are listening to this series, chances are you are already on your way to exploring your numbers with a desire to understand and master your business finances, realising the transformative power that numbers hold for your business success.

To help you on your journey of building a thriving business with healthy cash flow, I’ve created this podcast series to highlight the biggest mistakes that prevent businesses from succeeding. To assist you in maintaining a healthy cash flow in your business, I walk you through The 7 Deadly Cash Flow Sins and give you tips and strategies on how to overcome them.

You can grab a free copy of my e-book ‘The Seven Deadly Cash Flow Sins’ right here, right now.

You can also subscribe to our ‘Prosperity Playbook Bulletin’ to get notified when a new podcast episode is released, and of course you will get a lot more value out of it.

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If you’d like to find out more about Julianna and her business, visit www.horizonaccounts.com.au or follow her on LinkedIn and Instagram @horizonaccounts

Stay tuned for the next episode of Prosperity of the Horizon, the podcast that transforms businesses through the power of numbers and the story behind them.