Planting Seeds Podcast - Episode 8 - If my business is profitable… why am I broke?

If my business is profitable… why am I broke? That’s the question we’re tackling in this week’s episode of the Planting Seeds Podcast. Josh and Nick from Harvest Advisory Group break down why a business can show a profit on paper while the bank account tells a very different story. We talk about cash flow, timing, debt, taxes, owner draws, and some of the other places your money may actually be going. We also get into this week’s Resource Guide: What should you do if your accounting is months behind? Then it’s time for Rapid Fire: What’s the weirdest legitimate business expense we’ve ever encountered? Is “the customer is always right” actually good business advice? And what everyday business do we suspect is secretly incredibly profitable? From the Field, we tackle a frustration almost every growing business owner has dealt with at some point: “I can’t keep good staff.” Why does it happen, and what should business owners be looking at beyond simply blaming the hiring pool? And finally, Nick tries to Stump Josh with another question: When should a small business actually PAY for advertising? Because spending money on advertising is easy. Knowing when it makes sense — and whether it’s actually working — is another story. Have a small-business question you’d like us to tackle on a future episode? Drop it in the comments. #SmallBusiness #BusinessOwner #CashFlow #Profitability #Bookkeeping #Accounting #BusinessAdvice #Hiring #EmployeeRetention #Advertising #Marketing #Entrepreneur #BusinessGrowth #HarvestAdvisoryGroup #PlantingSeedsPodcast