SAVAGE Entrepreneur Podcast - THIS is Why 82% of Entrepreneurs FAIL

THIS is Why 82% of Entrepreneurs FAIL

06/21/22 • 25 min

SAVAGE Entrepreneur Podcast

Full Transcript

SUMMARY

"There really is only 1 way to go out of business, and that's if you run out of cash."
The Savage Secrets Cash Flow TrackerTM takes all the complexity out of your Cash Flow statement. Simply plug in your own numbers and get rolling. You can download it here: https://thesavagesecrets.com/cashflow
When you're trying to GROW you business, it is really difficult to run your company without a solid understanding of cash flow.
An Income Statement is like a Report Card. It's your results over a period of time. A Balance Sheet shows the net value of your business, in a moment in time. Cash Flow is like your heart pumping blood throughout your body. "Cash Flow is constantly working."
This episode is a deep dive into the ins & outs of a Cash Flow Statement. You'll go through a real life example to simplify the concept and make understanding easy.
If you have questions on the spreadsheet or another business challenge, shoot me an email at [email protected].

Full Transcript

SUMMARY

"There really is only 1 way to go out of business, and that's if you run out of cash."
The Savage Secrets Cash Flow TrackerTM takes all the complexity out of your Cash Flow statement. Simply plug in your own numbers and get rolling. You can download it here: https://thesavagesecrets.com/cashflow
When you're trying to GROW you business, it is really difficult to run your company without a solid understanding of cash flow.
An Income Statement is like a Report Card. It's your results over a period of time. A Balance Sheet shows the net value of your business, in a moment in time. Cash Flow is like your heart pumping blood throughout your body. "Cash Flow is constantly working."
This episode is a deep dive into the ins & outs of a Cash Flow Statement. You'll go through a real life example to simplify the concept and make understanding easy.
If you have questions on the spreadsheet or another business challenge, shoot me an email at [email protected].

Previous Episode

3 Questions to Determine When to Trade Your Time for Money

On Day 1 of running your business, you gotta do it all and be it all. It's not easy, but at the beginning it's necessary. As you transition from the start up phase to the growth phase, things gotta change. As you grow and your team expands, you need to audit where your time is being spent. You're the leader of your company and your time needs to be prioritized.

Next Episode

Successful, Rich & DEAD

SUMMARY

Biggest Business Mistake #6: "Stopping taking care of my body when business is thriving, surviving or diving."
"We only get one body. We only get to do this once. We don't get to screw this up and do it again. You don't get to say, Next time I'm going to do it right. No, it's LIFE: Take One! You don't get two chances."
Our body is an automobile. And we have the ability to treat this automobile like a fine-tuned Ferrari that just purrs. Or it can be a clunker. It can be a clunker that sits on the side of the road, a clunker that just rusts.
There are LOTS of things we cannot control. The things that we can control, we gotta do our damnedest to control.
"That's a W.R.A.P!” W.R.A.P: Winner's Rapid Action Plan - 5 Ways to Take Action TODAY
Mentions:
- ALS ONE, the nonprofit founded by my late friend, Kevin Gosnell: https://alsone.org/
- My morning routine that keeps me at my peak: https://thesavagesecrets.com/sunrise
- Want support on your health journey? My wife Donna is a plant-based health coach, and has lots of free tools to help you! Check them out here: MySavageSecrets.com
- Download my eBook, Triple Threat: There Are Only 3 Ways to Grow Your Business: https://thesavagesecrets.com/triple
If you have questions about your business or just want to rap, send me an email: [email protected].