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:
Rhamy Alejeal: People Processes - Partnership with Profit First Professionals
RJon Robins: Profit First For Lawyers
Mike Milan: Cash Flow On The Go!
Crista Grasso: Simplifying How You Scale Your Business
Stacy Tuschl: How to Create Efficient Remote Teams
Michelle Grecni: Avoiding Burnout and Staying Motivated
Patty Block: How The Broken Cookie Effect® Is Blocking Your Growth
Kelley Brubaker: Reframing Sales Calls With Great Success
Annette de Lancey: Using Profit First to Bring Clarity to Manufacturing Companies
Kasey Anton: Helping Restaurant Owners to be More Intentional and Profitable
Wally Malesh: Applying Profit First to the Real Estate Team Business Space
David Steininger: Self-Employment Sidekick
David Furth: The Value of Automating Your Financial and Accounting Processes
Shweta Patel: Women's Health and Wellness
Christina Springstead: Doing It Scared
Melissa Morris: Is Your Overwhelm an Ops Issue?
Fady Hawatmeh: Being a CFO
Stevyn Guinnip: Health and Wealth
Hilary Hendershott: The Profits Pyramid
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