open dyslexic mode

🚨 Just because your profit and loss statement shows a profit… doesn’t mean you have money in the bank.

One of the most common cash flow mistakes entrepreneurs make — especially in law firms — is confusing profitability with actual cash collected. This often leads to poor decisions, unnecessary spending, or worse — running into a cash crisis.

In this episode, we unpack:
💸 Why your P&L doesn’t tell the full story
💸 Common cash flow traps we see with business owners and law firms
💸 Real examples of businesses that looked profitable — but had no cash
💸 The importance of tracking receivables and knowing when money actually hits the account

Cash flow is the lifeblood of your business. Don’t ignore the gap between what’s “earned” and what’s actually collected.

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7 DEADLY BUSINESS EXIT MISTAKES YOU NEED TO KNOW BEFORE SELLING

Make sure you are not making these costly mistakes and let years of hard work go to waste.

Download our free eBook now to protect your financial future.
secure.idealexitplan.com/7-business-exit-mistakes?…
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Connect Emil Abedian through these platforms
🌐Website: www.counselcpas.com/
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✖ / Twitter: x.com/CounselCPAs

#CashFlowMatters #BusinessFinance #EntrepreneurMistakes #LawFirmTips #KnowYourNumbers #ProfitVsCash