027 - Cashflow and Profit, are they the same thing?
Cashflow. Revenue. Profit. Monthly Recurring Revenue. There are a lot of terms thrown around out there and it can be confusing. In this episode, I explore the often misunderstood concepts of cashflow and profit. Inspired by a conversation with a client, we look at what these all mean and how these terms, though related, are not interchangeable. We look at the definition of cashflow and profit and the distinctions between them. I give a real-life Beauty Business client example and we'll examine how recurring revenue impacts both cashflow and profit—and why they must be evaluated separately…
The skinny
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