How To Manage Excess Cash Flow

Jun 13, 2024

Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I’m a CPA, a Fractional CFO, and a Certified Profit First Professional Mastery Level providing tax strategies to 7 and 8-figure entrepreneurs. Let's dive into strategies to maximize profits in your business! 

In this podcast, we dive into strategies for managing cash flow and optimizing profitability in your business. You'll learn how to determine the revenue needed during peak seasons to sustain your business through slower periods, deploy excess cash effectively, and use specialized vault savings accounts to protect funds for operational expenses and inventory purchases.

I also share the importance of analyzing profit and loss statements to identify seasonal trends and forecast cash flows. Join us as we explore these topics and more, empowering you to have your most profitable year ever, regardless of external circumstances.

• Discover how to determine the revenue needed during peak seasons to sustain your business through slower periods
• Learn strategies for managing excess cash in your business bank accounts to avoid falling into the trap of Parkinson's law
• Understand the importance of using specialized vault savings accounts to protect funds for operational expenses and inventory purchases
• Gain insights into the significance of running a business on budgeted expenses and exercising stewardship
• Learn how to analyze profit and loss statements to reveal seasonal trends and forecast cash flows
• Develop an optimum pricing strategy to achieve target revenue and profitability

 

Visit my FREE Facebook Group, The Profit First Masterclass, where I'll be sharing additional exclusive trainings to members of the community.  

If you're excited about what's next for your business and upcoming episodes, please head to our itunes page and give us a review! Your support will help me to bring in other amazing expert interviews to share their best tips on how to powerfully grow in your business! 

DISCLAIMER: The information contained within these videos is provided for informational purposes only and does not constitute, an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions, or regulatory updates in the content of this video. Any U.S. federal tax advice contained within is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.