Cash Flow is an often overused financial term, but most online entrepreneurs aren’t exactly sure what it means for their own businesses.
The most important thing to know is that it’s the lifeblood of any successful business—mainly because it’s not only related to the profitability of your business, but also to the timing in which money goes into and out of your business.
For larger organizations, cash flow can be complex and time-consuming to manage and analyze.
Thankfully, it’s much simpler for online businesses, but still very important to pay attention to.
That’s why in this episode, I discuss:
What cash flow really means for an online business
The difference between cash flow and profitability
Why ignoring your cash flow can put you in debt or behind on your taxes
Why cash flow for large corporations, ecommerce businesses, and retail business is much more complicated than the online businesses we serve at Evolved Finance
Why tracking your finances is vital for keeping your business cash flow positive
How our FREE forecast and budgeting tool can help you get ahead of your cash flow
Get our free forecast and budgeting tool at https://evolvedfinance.wpengine.com/salesforecastingtool.