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Emphasizing the Importance of Free Cash Flow in Business
The key insight from the snip is the importance of focusing on monthly free cash flow that hits the bank account as the essential number in a business. The speaker stresses that this metric post expenses is the only number that truly matters in a business. They recommend calculating personal monthly after-tax free cash flow and then extending this analysis to the business level. The speaker advocates for setting standards to prioritize and emphasize free cash flow over other metrics such as business pipeline numbers or revenue figures.