• WIP 1676: Why Your Balance Sheet Is Killing Your Business (And How to Fix It)

  • Feb 24 2025
  • Length: 12 mins
  • Podcast

WIP 1676: Why Your Balance Sheet Is Killing Your Business (And How to Fix It)

  • Summary

  • A messy balance sheet can silently kill your business, no matter how much revenue you're bringing in. In this episode, Todd Toback shares the key steps to getting your finances in order—what a healthy balance sheet looks like, the three essential reports you need to review, and why hiring a bookkeeper is a game-changer.

    He also covers how to automate cash flow, eliminate recurring credit card debt, and use joint venture partnerships to strengthen your financial position. If you want to build a business that thrives, not just survives, this episode is a must-listen!

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    Show notes:

    • (0:48) Beginning of today’s episode
    • (1:05) What a healthy balance sheet look like
    • (2:17) Operate like you operate now
    • (2:44) Get a bookkeeper
    • (4:00) Three reports that you need to checkout
    • (5:31) Put an automatic transfer to your bank through your personal account
    • (6:50) Put the half of your 100k in your personal bank account and the other half in a tax account
    • (7:56) Get rid of all recurring credit card debt
    • (8:50) Get a joint venture partner

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    Resources:

    • www.nolimitsalesystem.com
    • To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe

    Go to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space.

    Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.

    It's 100% free to join. The opportunities in this community are endless, what are you waiting for?

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