Why the Balance in Your Bank Account is Not Your Profit

“A common mistake that entrepreneurs make is checking their bank balance at the end of the month and assuming that what is left is their profit.” —Melissa Houston Heads up: your bank balance does not equate to your true profitability. Doesn’t mean that you have all those money in your bank account, you’re free to spend them all you want. No—that’s not your profit yet! As business owners, we need to get our money management system tied up so that our profitability is optimized. And one way ...