Why Is Your Business Profitable but Always Short on Cash?
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Your profit and loss statement says the business is doing well, so why does it feel like there is never enough cash available?
In this episode of Imperfect Marketing, Kendra Corman talks with Emily Bowie, partner at Thorne Advisors, about the critical difference between business profit and actual cash flow.
Emily explains why the number at the bottom of your profit and loss statement does not always reflect what is sitting in your bank account. Owner distributions, credit card payments, loans, payment plans, and other financial activity can all affect the amount of cash you…
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