Summary notes:
Managing expenses is important if you are looking to increase cash flow. You can't cut your way to prosperity, which suggests that one cannot grow a business if they are spending too much time worrying about expenses.
Business owners should have a budget based on historical trends, and should look back at their spending habits to ensure they are keeping their employees happy but not overspending. Technology can help to drive down costs, and business owners can look for efficient ways to deliver goods and services.
Timestamps
0:01:17 Managing Expenses for Cash Flow and KPI Management
0:03:06 Managing Expenses to Achieve Business Growth
0:07:21 Understanding Cash Flow and Expenses for Successful Business Owners
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
Phillip Washington Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
Understanding the Evolution and Flow of Money in Wealth Building
Building Financial Confidence: Navigating Thoughts, Actions, and Feelings
The Risks and Rewards of Surge Pricing in the Fast Food Industry
Understanding the Fundamentals of Money Management
Overcoming Negative Emotions About Money
Maximizing Retirement Savings and Tax Benefits for Business Owners
Sound Money Management: Principles for Individuals and Society
Building a Strong Business Foundation: The Business Planning Pyramid
Bitcoin Mining: A Lucrative Opportunity for Investors in the Crypto Space
WBMS Docuseries: Healthy Mind, Body, and Spirit (Episode 3)
Private Equity Trends for 2024: How to Attract Investors for Your Business
The Age of Trillionaires: Understanding the Changing Nature of Wealth
The Importance of Balancing Reason and Imagination in Investing
The Best Way to Become Financially Independent: Find Your Passion
Why Checking Your Pay Stub Matters
Building Wealth: Playing Within or Outside the System
Improving Your Relationship with Money Through Emotional Intelligence
Tax Extender Bill: Reverting Bonus Depreciation Back to 100%
Understanding the Market as a Collective Consciousness
Shower Your Business with Love
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast