One of the most common points of confusion in small business finance is the difference between cash flow and profit. They sound like they should be the same thing. If you're profitable, you should have cash, right? Not necessarily. A business can be profitable on paper and still run out of cash. It can also have cash in the bank while losing money. Understanding the difference is essential to running a healthy business. What Is Profit? Profit is the difference between your re

"How much should I pay myself?" It's one of the most common questions I get from business owners. And one of the most emotionally loaded. Some owners pay themselves whatever is left over after everything else is covered. Some feel guilty taking money out at all. Some have no idea what's reasonable and just guess. Some haven't given themselves a raise in years even though the business has grown. Here's the thing: you built this business. You took the risk. You should be compen