Show Summary
In this episode, Mike shares the details of Clear Path To Cash. It consists of eight financial concepts aimed at helping businesses maximize their cash in various situations.
Mike asserts his ability to analyze a company's financial statements in 7 minutes or less, thanks to his creation of The Home Run Financial System, a comprehensive technique that covers all essential aspects.
His website boasts about his success in uncovering over $150 million in hidden cash for his clients. To illustrate, in January alone, he utilized a technique called Mining Your Business For Hidden Cash, resulting in the discovery of over $1.5 million. This method involves six calculations centered around three Cash Generating Activities and three Cash Conversion Activities specific to one's business.
In his book, Mike introduces the term D.U.M.B., which characterizes business owners who Don't Understand My Business. Surprisingly, Mike himself once fell into this category and experienced many of the situations outlined in the book.
Throughout his career, Mike has extensively collaborated with bankers. He acknowledges their frustrations when working with small business owners, which include concerns regarding loyalty, liquidity, timeliness, and the preparation of their clients.
Website:
https://cashflowmike.com
Facebook:
https://www.facebook.com/groups/theclearpathtocash
Instagram:
https://www.instagram.com/thecashflowmike/
Corporate Partner:
Hope Blankenship: Small Business Growth and Entrepreneurial Story
Stacey Seguin: Redefining Rules in Life
Dan Richards: PracticeWIN
Stacy Herman Lang: Acquiring a Book of Business
Val Duvick: Bringing Profit to the Creative Space
Melissa Lynn Miranda, CPA: 2023 Top 50 Woodard Accounting Firm
Nicole Bendig-Lamb: Baking Your Way To The Top: How to Start & Grow Your Own Home-Based Baking Business
John Drawdy & Kristen Griffin: Profit First in a Larger Business
Judie McCarthy: Process Documentation and Workflow Development For Your Practice
Lori Mercaldi: Transitioning From Compliance to Profit First Consulting
Lou Clarke: The Energetics of Money
Cheri D. Andrews, Esq: Legal Aspects of Running a Business Properly
David Cristello: Recurring Client Management (RCM) System for Accounting Firm Owners
Donna Leyens: Business Growth Coaching
Chris Burns: Why Choosing the Right Cybersecurity Partner Is Your Biggest Business Decision for 2024
John Briggs: 3.3 Rule
James Masotti: First 90 Days of Buying a Bookkeeping Business
Alison Lukin: Officially Social Content Calendars
Laurence Whittam: Optimizing Outsourcing/Offshoring
Fady Hawatmeh: Use of AI in Accounting and Finance
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