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Podcast: Habits and Hustle
Episode: Episode 282: Melissa Houston: How to Become Cash Confident as an Entrepreneur
Description: 82% of businesses fail due to cash flow mismanagement, often mistaking profit for cash flow.In this episode of the Habits and Hustle podcast, I interview Melissa Houston, author of Cash Confident, who shares her unique five-step framework for mastering business finances. The framework starts with developing a positive money mindset, understanding the difference between profit and cash flow, creating a business financial plan, and the importance of being proactive with cash and forecasting financial outcomes for at least six to eight weeks in advance to prepare for any financial shortages.<...