116 | Designed to Last A Strong Financial Foundation

What if hitting seven figures doesn’t make money easier… it actually makes every decision harder? In this kickoff episode of the “Designed to Last” series on the Vital Wealth Strategies Podcast, host Patrick Lonergan sits down with Michael Loki, a Vital Wealth advisor, for a conversation that challenges a common belief entrepreneurs have as they grow: that more income automatically brings more clarity. Instead, Patrick explains why success often creates more moving parts, more decisions, and more pressure and why financial confidence must be built intentionally, not hoped for.

Throughout the episode, Patrick breaks down the real reason high-income business owners still feel uncertain about profitability, cash flow, and what’s “actually working” inside the business. He shares the three pillars that help businesses scale without becoming a stressful house of cards - profitability, financial reporting, and cash management and offers practical tools like monthly P&L tracking, accrual accounting awareness, accounts receivable reporting, and a 13-week rolling cash flow forecast. If you’ve ever wondered why you can have money in the bank but still feel behind, or why growth can trigger surprise tax problems and cash crunches, this episode is a must-listen.

Key Takeaways:

• Higher income creates more complexity, not less and clarity must be built on purpose
• A profitable business is the first requirement for something truly “designed to last”
• Monthly P&L reporting (including year-over-year comparisons) is a non-negotiable tool
• Owner pay matters: underpaying yourself can create “fake profitability” and hurt valuation
• Cash flow problems can happen even in profitable businesses (especially with taxes + growth)
• A 13-week cash flow forecast helps owners lead proactively instead of reacting

Episode Resources:

• Simple Numbers by Greg Crabtree
• QuickBooks Online
• Vital Wealth cash flow assessment: vitalstrategies.com/cashflow

Resources:   

Visit www.vitalstrategies.com to download FREE resources     

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Credits:    

Sponsored by Vital Wealth    

Music by Cephas    

Art work by Two Tone Creative 

Audio, video, research and copywriting by Victoria O'Brien