Sin #7 - Allowing Owner Drawings to Exceed Profit

Prosperity on the Horizon

Welcome back to Prosperity on the Horizon, this is the last episode of our podcast series discussing The 7 Deadly Cash Flow Sins!

We continue our discussion about the biggest cash flow mistakes, investigating the challenge of letting owner drawings exceed profit, acknowledging the common misstep of drawing more than actually available for drawings in the bank.

We also talk about the recommended strategies to avoid these mistakes and give you actionable steps to the solution, tips on how to avoid the cash flow sin of drawing more than your profit.

We discuss the impact of exceeding profit through an example, stressing the importance of reviewing your financial statements regularly.

If you are listening to this series, chances are you are already on your way to exploring your numbers with a desire to understand and master your business finances, realising the transformative power that numbers hold for your business success.

To help you on your journey of building a thriving business with healthy cash flow, I’ve created this podcast series to highlight the biggest mistakes that prevent businesses from succeeding. To assist you in maintaining a healthy cash flow in your business, I walk you through The 7 Deadly Cash Flow Sins and give you tips and strategies on how to overcome them.

You can grab a free copy of my e-book ‘The Seven Deadly Cash Flow Sins’ right here, right now.

You can also subscribe to our ‘Prosperity Playbook Bulletin’ to get notified when a new podcast episode is released, and of course you will get a lot more value out of it.

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If you’d like to find out more about Julianna and her business, visit www.horizonaccounts.com.au or follow her on LinkedIn and Instagram @horizonaccounts

Stay tuned for the next episode of Prosperity of the Horizon, the podcast that transforms businesses through the power of numbers and the story behind them.