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Using Cash Flow from Your Business to Expand Your Net Worth
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Let's talk cash flow and entrepreneurial growth with our guest, Doug Spurling, founder of Waves and Wilderness and Spurling Fitness. In this episode of "Small Business Big World," Doug takes us through his journey from building Spurling Fitness to venturing into consulting and real estate investment. Learn about some strategies of managing cash flow and increasing net worth, and discover why it’s essential to work on your business rather than just in it.
Doug shares insights on scaling a business, shifting from a doer to a manager, and the importance of sales, marketing, and team development. Then, Doug talks about his personal experience of turning a lake house into a successful Airbnb venture, emphasizing planning for the future and using your business cash flow adequately. This episode is packed with practical tips to help you manage and grow your net worth effectively.
Paper Trails was recently ranked on FeedSpot's list of the Top 100 Small Business Podcasts!
Kapitler
1. Small Business Cash Flow Strategies (00:00:00)
2. Scaling Business Growth Without Multiple Locations (00:07:35)
3. Long-Term Wealth Strategies for Business Owners (00:13:58)
4. Building Business Through Passion Projects (00:17:31)
5. Business Support Services for Small Businesses (00:26:01)
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