Owner To Owner Podcast

Amy Bett Co-Founder of Drink Melo and Profit First Professional on how to manage your business cash flow and how she personally came to understand its vital importance.

Episode Summary

Amy Bett took the leap from corporate life to starting her own business. The rationale for starting up was a combination of personal factors. She talks openly about how the rich experience of a stressful first startup changed the way she approached later startups, and also underpinned her drive to coach other business owners so they avoid the same mistakes.

Episode Notes

@amybett is a businessowner and entrepreneur. 

In this episode we discuss the importance of understanding financial health in business and managing cash flow effectively.

Amy shares her personal journey as a founder and owner;

• how  (and the very personal why) she transitioned from working for a corporate events business to starting her own venture
• the up's and down's that led to a focus on cashflow 

Amy introduces the concept of @ProfitFirst - a cash flow method that involves breaking down finances into different categories to gain clarity on expenses, profits, taxes, and more. We cover;

• how business owners can make informed decisions about their finances and allocate funds more strategically
• why understanding financial reports is crucial to gain insights into the health of a business
• some of the 'mechanics' of the Profit First approach
• the importance of seeking advice and guidance from advisors, coaches, and mentors
• her new #startup @melo a non-alcoholic drink made from kava extract

@kerrcapital @michaelkerr