Profit and cash are not the same thing. Believe it or not, a company can be profitable and still go out of business. How? By running short on cash (also known as a cash crunch).

Since I want you to succeed, I’m going to explain the similarities and differences between P&Ls and cash flow projections as well as why they’re both important when it comes to the success of your business.

In this episode you will learn:

1. Sometimes even hedge fund guys avoid the numbers.
2. How P&L and cash flow projections are similar.
3. How P&L and cash flow projections are different from each other.
4. Which one is more important and why.

Resources:

• Financial vocabulary for people who hate numbers
• Financial projections explained (even if you're not a numbers person)

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