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38: Opt Yourself Out of the Cash Flow Hamster Wheel

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There are endless things to do and never enough time when you are an entrepreneur. If you have ever felt like you are endlessly chasing clients in order to get more sales - but not ever putting more money into your pocket - then, my friend, you are on the cash flow hamster wheel. What if I told you there was a way to get more of your time back and increase your cash flow by stepping off that hamster wheel? Sounds too good to be true, right? Tune in as I walk you through 3 key things you can do to increase your cash flow while taking yourself out of the never-ending cycle of hustle.

Are you ready to turn your cash flow into $100K in wealth? My Profit + Prosper group program empowers six-figure entrepreneurs to get off the cash flow hamster wheel and start making wealth-building investments in business and in life. Click here to learn more and sign up for the next cohort launching October 24th, 2022!

In this episode, you’ll learn:

  • 01:45 The case for getting off the hamster wheel

  • 03:14 Why knowing your numbers helps you identify profit leaks

  • 08:05 How to figure out if your business model is profitable - and how to fix it

  • 17:00 Why leverage is the difference between being self-employed and being a business owner, and how to use leverage to increase your cash flow

Click here to listen to this week's episode!

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Links mentioned:

Episode 36 on Growth Mode vs Profit Mode

Episode 32 on Stop Bootstrapping Your Business

Do you have a question or topic you’d like me to cover on the show? Click here to send us your submission!

I’m Sarah Young - a CPA, Virtual CFO, and the Owner of Young + Co! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, and I started the Profit + Prosper podcast to help you do the same. Profit + Prosper is a business finance podcast created to help entrepreneurs build their wealth in a way that’s fun and empowering. This is NOT a boring numbers podcast - I will share tactical tips to increase your profit so you can truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!

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