I talked with David Richter, the author of Profit First for Real Estate Investing and founder of Simple CFO, about his new book and a lot more. We cover some business rookie mistakes like the infamous CASH SALAD bank account (I am so guilty of this). We also talk about the best way to set up your business bank accounts, and the simple mindset shift that will get you thinking about Profit First. Stop stressing over your finances, take control of your cash flow, and start taking guilt-free profit out of your business.
What We Cover:
- Why the Cash Salad bank account is clouding your judgment
- The right way to setup your business' bank accounts
- When and how often should you take profit?
- Controlling your cash flow & generating guilt-free profit