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Small Business finance planning Q & A and Tips




  1.  

We had the pleasure to interview Maria Zdravkova of Money-Chats.com 12th Feb 2020
on our Live FB for our Podcast: "True Entrepreneurs Stories".
Here are some of the Q&A of the live interview with some extra tips and a very special offer!

 You can of course listen to the CCJM Consulting Ltd FB Live interview replay here :
* on Apple > https://podcasts.apple.com/us/podcast/true-entrepreneurs-stories/id1473701072 

* on Spotify > https://open.spotify.com/show/7dLr0ccAS1koiisnK3B2Co


https://podcasts.apple.com/us/podcast/true-entrepreneurs-stories/id1473701072

or if you prefer watch the replay on our YouTube channelhere: https://youtu.be/DRU7hGfKORw


Here are the CCJM Consulting Ltd FB Live interview Q&A with Maria Zdravkova of Money-Chats.com :

 1. How & why you got into business finance planning / portfolio management ?
I love money – money is freedom, ability to focus on what’s important and not bother with issues that can be solved with money.
The personal finance for women came as an interest based on personal experience, and then the need for small business finance education was obvious.
  1. A piece of advice you would like to share with startup community - something you wish you had been told years ago about business finance !
Know your market, do your research and plan for it financially. Be aware of your environment. 
  1. A piece of advice you would like to share with small business owners community  - something you wish you had been told year ago business finance !
Know how to read financials and understand your own. You don’t have to be     an accountant, but understanding your business’ financials is crucial for planning ahead and managing cash
  1. A finance business related favorite quote (if you have one) and why?
Cash is King – cash flow and revenue not the same. Important differentiation. Businesses failed, not enough cash to finance fast growth.
  1. The thing you love most about what you do and why?
The 2 important things – health and money. It’s good to be able to help people understand about the second.
  1. What do you do to stay motivated doing what you do? 
No need to do much - the society we live in so many things have been normalized by culture but that doesn’t make them right. See so much social pressure on women or the financial cost of being a woman and that keeps me motivated.
  1. Business finance planning Biz Tip number 1
Understand your Income statement – difference between revenue, gross profit, net profit on which number tax is paid and so on.
  1. Business finance planning Biz Tip number 2
Understand cash flows and difference to revenue, sources of cash vs. uses of cash.
  1. Business finance planning Biz Tip number 3
Use the above understandings to plan, to model.
If you want to sell your business one day, valuation will be based on these financials and the estimates for your future ones.
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CCJM PODCAST GUEST SPECIAL OFFER:


Finance Check Up Helping you save on your fixed costs

5 spots only! OFFER valid until 30th April 2020 for CCJM followers & True Entrepreneurs Stories Podcast Listeners . CODE CCJMPODCASTMONEYCHATS (MoneyChats commision = 10% of the total savings). Contact - Maria Zdravkova of Money-Chats.com Email - mimizdr@gmail.com










































Listen to our latest CCJM Consulting Podcast 
"True Entrepreneurs Stories" LIVE Interview:

 * on Apple > 
https://podcasts.apple.com/us/podcast/true-entrepreneurs-stories/id1473701072 

 * on Spotify>  https://open.spotify.com/show/7dLr0ccAS1koiisnK3B2Co

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