The Accounting Podcast #AccountexUSA: Meet Cash Flow Mike
Nov 4, 2019
20:32
Sponsors
Right Networks: https://cloudaccountingpodcast.promo/rncloud
Show Notes
- 00:17 – Meet Cash Flow Mike!
- 00:36 – Cash flow is king - It's how businesses keep their doors open
- 01:26 – Mike teaches banks effective methods for communicating with small-biz owners
- 01:50 – Mike teaches from the standpoint of necessary advising, instead of trusted advising
- 03:41 – Want to add advisory to your practice? Learn how to tap into your experiences and tell that story
- 04:49 – Mike says it's imperative to start with the end in mind - and map out that advisor/client relationship
- 06:55 – Since everything you do impacts cash flow, you need to know the reason why you're making every single transaction
- 09:01 – Run your firm like you're going to sell it - keep it show-ready every day
- 09:34 – Stupid cash flow tricks
- 12:01 – You don't need fancy tools and software, but you do need to track everything - what's coming in, what's going out, and the timing of it all
- 14:15 – When it comes to cash flow, looking ahead gives you time and options
- 14:35 – Practice what you preach. When it comes to advisory, if you believe in what you're selling, why aren't you doing it?
- 15:20 – What comes in should match what's going out
- 18:39 – A discussion on how having more month than money and oversized growth affects startups like WeWork | NYT
Connect with Mike Milan
- Linkedin: linkedin.com/in/mikemilan/
- Website: https://www.elevatefinancialtraining.com/
Get in Touch
Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.
Meet Blake and David in person!
- November 5-8: QuickBooks Connect in San Jose
- November 5: Practice Ignition PreCon Party in San Jose
- November 6: VIPartners Party with Gusto, Routable & Jirav in San Jose
- December 9-11: Digital CPA Conference in Seattle
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