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paid partnership with @Xero #ad If you've been meaning to get your business finances in order, this is your sign. The trap of being good at a lot of things is you think you have to do all of them yourself. I ran my business finances by hand way longer than I should have. moving everything to xero means my bank feeds, invoicing, and cash flow run on their own, and my accountant gets clean books instead of a mess. Special Xero offer: Visit the link in my bio for a special offer. Terms & Conditions
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Banks do not fund ideas,they fund cash flow🤯💰I interviewed Moses Nyabanda,the Managing Director of Equity Bank Kenya,to dissect the high-IQ financial engineering required to rule the modern entrepreneurial world.We bypassed the basic advice to bring you an absolute masterclass on wealth velocity from decoding whether young founders can strategically weaponize credit and loans to build an empire out of thin air, to mapping out the exact blueprint for scaling your first 100K into millions purely
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The most crowded corner of the grid is also the one people can't leave — not because of the money, but because the job became who they are. Four boxes. Income on one axis. Status on the other. The most underrated place to build wealth is the one most ambitious people won't lower themselves into. Low status. High income. Unglamorous. Yours. I walked out of the impressive box on purpose. On paper a downgrade. In every other way — the freest I've ever been. Win in the unglamorous box and the status
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Why Isn’t Profit the Same as Cash Flow? Under the Accrual Method of accounting, revenue is recorded when it’s earned and expenses are recorded when they’re incurred, not necessarily when cash changes hands. That means Boutique Couture could record a sale before the customer pays, or record an expense before paying the bill. Some expenses, like depreciation, don’t involve any cash leaving the business at all. So even though the Income Statement shows $60,000 in Net Profit, that doesn’t necessaril
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The 3 Financial Statements are the Income Statement, Balance Sheet, and Statement of Cash Flows. They each tell you something different about the business, and are all connected to one another #incomestatement #profitandloss #balancesheet #cashflow #financialstatements #cfo #cpa
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