Welcome to the Back Bedroom to Big Business podcast hosted by Dino Tartaglia and Simon Hartley. During each weekly episode of this podcast, Simon and Dino provide massive insight, tips, and strategies for business owners no matter if you're brick and mortar or online. Our hosts have run two series which have abundant information necessary for running your own business. The first series (episodes one through six) is Characteristics of Successful Entrepreneurs. The current series (episodes seven through eleven) are Fatal Mistakes by entrepreneurs.

During this episode, our hosts wrap up the Fatal Mistakes series with Toilet Roll aka Cashflow. Managing cash flow is both a science and an art in the world of business operations.

Listen for great information about:

Profit/paper profit
Forecasted revenue
Carefully controlled sales margins
Money in the bank?
Pay before or after?
- Terms owed to your business
How even with profit your money can become tied up
Building your financial runway
- Burn rate
- Financial backing
- Proactive via reactive
- Bridging cashflow holes
- Buffer

"Turn over is vanity. Profit is sanity. Cashflow is king."

"Is it economy that can be the cause of failure or is it the ignorance toward the fundamental rule of business: keeping your eyes on the numbers."

"You can't pay your supplier with profit."

"You can't buy a meal on margins."

"If you have to pay your bills before you get paid . . . you've got a massive hole."

"Cash is the oxygen of business - without it, it gets sick and dies."

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www.successengineers.co

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BB2BB011 Fatal Mistake #5 - No Spare Toilet Roll.