Ep 15. Your Friend The Tax Man

In this episode, Joel and Jed discuss strategies for managing cashflow, particularly after the Christmas period. They emphasize the importance of preparing for upcoming payments and building habits for long-term cashflow management. They also highlight the power of understanding and utilizing numbers in cashflow planning. Additionally, they stress the significance of knowing and planning for tax obligations. Overall, the episode provides practical advice and insights for business owners looking to improve their cashflow management.

 

Takeaways

• Prepare for upcoming payments by breaking them down into manageable chunks and targeting cashflow.
• Build habits for long-term cashflow management to ensure consistent financial stability.
• Utilize the power of numbers to understand and plan for cashflow fluctuations.
• Know and plan for tax obligations to avoid bill shock and unnecessary stress.

Chapters

00:00 | Introduction

00:57 | Stress around cashflow after the Christmas period

12:31 | Building habits for long-term cashflow management

24:22 | The importance of knowing and planning for tax obligations

26:46 | Wrap-up and next steps