Mar 19, 2024
Cash Flow Mike and the 7-Minute Conversation
Tune in for an episode that will revolutionize your approach to financial strategy with Mike Milan, AKA Cash Flow Mike. Mike offers expertise in strategic planning, finance, and sales, gained over 20+ years of diverse professional experience. In that time, he has developed 14 startups into well-established businesses and earned his nickname “Cash Flow Mike”. Mike is an army Veteran and an MBA from Baylor University and mostly known for: Being the author of two books: The 7 Minute Conversation, and Don’t Be A DUMB Business Owner – both focused on using the financial statements to find hidden cash in your business.
He created a financial management training program called The Clear Path To Cash – Its 8 Lessons to Maximizing Cash in Any Given Business Situation.
He has also created several FinTech software products like: CashFlowTool, Finagraph, and Path by Simplex.
Mike is also a co-host on the podcast Mike & Blaine – where the focus is on topics and lessons you can only learn by being an entrepreneur.
Currently Mike is the business financial specialist behind the brand Cash Flow Mike, where he has a host of ways to help business owners get, grow and keep more cash in their business.
In this episode, you will learn the following:
- How mismatched financing is the silent killer of small businesses and how to avoid it.
- The Profit First system’s role in improving your business’ financial health.
- Techniques to transition from transactional to advisory services in accounting.
- The 7-Minute Conversation technique is introduced as a quick method for financial triage, allowing for rapid identification of critical financial issues that need attention.
- Financial statements and the perils of misinterpreting them.
- Strategic planning insights for scaling your business effectively.
- Banking ratios are simplified for business owners highlighting the necessity of accurate financial data for making informed decisions.
Links:
https://www.linkedin.com/in/mikemilan/
https://www.instagram.com/thecashflowmike/
Hi, I'm the Profit Answer Man Rocky Lalvani!
I help small business owners simplify their financial reports to
make more informed business decisions with fewer hassles. We
utilize the Profit First system created by Mike Michalowicz
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This episode is part of the SMB Podcast Network. Find other great
interviews from around the internet just like this one at
https://www.SMBPodcastNetwork.com
Music provided by Junan from Junan Podcast
Any financial advice is for educational purposes only and you
should consult with an expert for your specific needs.
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