Profit First

Taps and Patience | Business and Machining Podcast · Jun 30, 2023 · 1h 2m

In this episode, join Harrison and AJ as they discuss the importance of managing external costs and optimizing cash flow for a healthy business.

Harrison starts the conversation by highlighting the problem of running out of money due to high external costs. He explains the current allocation of funds, with 50% for operating expenses (Opex), 30% for owner's pay (split between him and Weston), 15% for taxes, and 5% for profit. While the owner's pay account should ideally grow, Harrison prefers using percentages to gauge the business's performance and ensure a steady cash flow.

AJ shares that…