Episode 164: Fireside Chat - Common Cashflow Pitfalls with Peter Widmeyer

In this episode, Club Capital's account manager Peter Widmeyer discusses common cashflow pitfalls and how to avoid them. His five key points included:- The differences between profit and cashflow. (Cashflow is determined by how much money is going in and how much is going out.)
- Learn how to be profitable every single month, or how to strategically be in the red for a few months per year.
- Learn the difference between growth or scale, and understand your burn rate when you are expanding.
- Having accurate financial data forecasts in business is just as important as having an accurate ruler when measuring a piece of furniture.
Fireside Chats are brought to you by Autopilot Recruiting. Autopilot Recruiting is a continuous recruiting service where you’ll be assigned a recruiter that has been trained to recruit on your behalf every business day. Listeners of Club Capital Podcast go to https://www.autopilotrecruiting.com and use the code ClubCapital to get started.
Learn more about Club Club capital at www.club.capital