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Amy Bett Co-Founder of Drink Melo and Profit First Professional on how to manage your business cash flow and how she personally came to understand its vital importance.
@amybett is a businessowner and entrepreneur. In this episode we discuss the importance of understanding financial health in business and managing cash flow effectively.Amy shares her personal journey as a founder and owner;how (and the very personal why) she transitioned from working for a corporate events business to starting her own venturethe up's and down's that led to a focus on cashflow Amy introduces the concept of @ProfitFirst - a cash flow method that involves breaking down finances into different categories to gain clarity on expenses, profits, taxes, and more. We cover;how business owners can make informed decisions about their finances and allocate funds more strategicallywhy understanding financial reports is crucial to gain insights into the health of a businesssome of the 'mechanics' of the Profit First approachthe importance of seeking advice and guidance from advisors, coaches, and mentorsher new #startup @melo a non-alcoholic drink made from kava extract@kerrcapital @michaelkerr