Girls That Startup :What on Earth Is Cash Flow and How Do You Manage It?
Welcome back to Girls That Startup, a weekly series where we spill the tea on how to create a seven-figure side hustle - because no one saves their way to wealth. You’re joined by Sim, a seven-figure business owner, and Maia, an entrepreneur in the making.
This week, Sim and Maia dive into the concept of cashflow and its significance in running a successful business. They discuss the importance of tracking money coming in and going out, using tools like accounting software or AI accountants to manage cashflow effectively. They also highlight the need to forecast expenses based on past trends and the value of having cash reserves as a safety net during challenging times.
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'Til next week, team! 💖
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