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211 | A 7-Figure Business Doesn’t Mean You’re Making Money
Why can a business be profitable on paper and still leave you wondering, “Where is all the money?”
In this episode, Erin breaks down one of the most misunderstood parts of running a business: the difference between revenue, profit, profitability, and cash.
More revenue doesn't automatically mean more money in the bank.
In this episode, Erin discusses:
· The difference between revenue, profit, profitability, and cash
· Why a seven-figure business doesn't necessarily mean a financially healthy business
· How receivables and payables impact the cash you have available
· Why growing revenue won't…
The skinny
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