Cash Flow vs. Profit: Why Profitable Businesses Go Broke

A visual metaphor distinguishing the stability of cash flow vs profit in business.

Introduction Understanding the critical difference between cash flow vs profit is the single most important financial lesson an entrepreneur can learn. I learned this lesson in the most painful way possible. Four years ago, I ran a digital agency that looked wildly successful on paper. We had just closed a $50,000 contract. My Profit and … Read more