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:
Shaily Hakimian: Being Unforgettable To Your Network
Clint White: How To Rebuild Your Brand
Jason Snider: Remote Team Building & Leadership
Li Hayes: Using Speaking to Grow Your Business
Silvia Guardado: Working with the Latinix/Immigrant Community
Louie Prosperi & Michael Palmer: Successful Bookkeeper Summit
Penny Breslin: Outsourcing Accounting and Bookkeeping
Rachel Siegel: How To Be A Master Networker
Debra Cassera & Sabrina Pelech: Profit First for Chiropractors
Brian Thompson: Raising Prices
Ian Robinson: Building A Culture Of Expertise Through Custom Software
Tom Wheelwright: 7 Investments the Government Will Pay You to Make
Joshua & Ashlee Latimer: The Kid WarPlan Journal
Dan Romance & Tom Gibson: Tax Savings, Documentation, Wealth Acceleration
David Cristello: Growing Your Firm
Mickie Kennedy: Press Release Marketing
Tuesday P Brooks: Building Capacity as a Microenterprise
Dr. David Phelps: Freedom Founders - Own Your Freedom
Ronit Enos: Profit First for Salons
Tara Newman: Dark Part of Business
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