Episode 62: Profitability – Cash Flow Predictors, with Colin Sprake
Colin Sprake is a four-time best-selling author and mentor to well over 50,000 entrepreneurs!
Colin has built several different million dollar businesses within 6 months. He has over 30 years of business experience having come from the mining industry to building his own multi-million dollar businesses from the ground up.
A dedicated teacher, Colin is the Master Trainer at Make Your Mark Training and Consulting and is devoted to people achieving huge success in their businesses. His purpose is to assist business owners to dramatically improve the number of businesses that succeed. After all, failing businesses affect us all in negative ways.
Using decades of business experience, Colin speaks and trains on a wide variety of topics for corporations, organizations & associations. Colin Sprake is all about delivering what is required to achieve the desired result and holding you accountable for your own success.
What you’ll learn about in this episode:
- Why understanding your cash flow is one of the most important pieces of financial information you can have
- Why you need to examine whether your products and services are truly profitable after costs and expenses
- How to better understand your cash flow by evaluating your expenses and predicting your revenue
- What equation you should use to determine your profitability and how to make decisions around the results
- How to use your revenue history month-over-month to determine future profits and growth
- How to get access to download a free example one-page business plan and cash flow predictor tool
- Why a cash flow predictor can be a powerful tool to understand whether a project will be profitable before committing to it
- Examples of how a cash flow predictor have helped others make smart business decisions
- What exciting topic the next episode of MYM Your Business: The Brutal Truth has in store for you
Ways to contact Colin:
- Website: www.mymsuccess.com
- The next live free event: www.mymsuccess.com/live-events
- Facebook: www.facebook.com/MYMsuccess
- LinkedIn: www.linkedin.com/in/colinsprake
Upcoming Free Events: