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

Wholesaling Inc with Brent Daniels

Find distressed properties for pennies on the dollar and turn them for huge profits!

News, Wholesaling, Education, Houses, Make Money, Business News, Real Estate Agent, Business, Real Estate, How To, Cash Buyers, Entrepreneurship, Wholesale Houses, Entrepreneur

4.9 • 1.4K Ratings

🗓️ 24 February 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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 ...

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to Wholeselling Inc. episode number 1676.
0:04.0	Let's say your business is netting, netting, $30,000 a month, okay?
0:09.8	That number for four right now, that salary should be no more than $6,000 a month, $7,000 a month.
0:17.2	That's your salary.
0:18.4	Okay, so slow down here.
0:19.3	I'm not saying that that's all you can take out of your business,
0:21.5	but just slow down for a moment.
0:24.0	You want to create that consistency, that rhythm.
0:26.5	Boom, boom, boom.
0:29.7	This is game-changing information guaranteed to raise your real estate wholesaling
0:34.4	business with actionable steps you can take immediately
0:37.1	to navigate the ins and outs of wholesaling and with actionable steps you can take immediately to navigate
0:38.1	the ins and outs of wholesaling and start making money today.
0:42.3	Join us as we put our guests in the hot seat and dive deep to dissect their strategies for success
0:47.8	to enable you to duplicate their results.
0:50.5	You're listening to Wholesaling Inc.
0:52.4	The only show dedicated to making you a fortune in wholesaling.
0:58.5	So today, we are going to talk about money.
1:01.8	We're going to talk about what a healthy balance sheet looks like.
1:06.3	Now, you're like, Todd, what the heck is a balance sheet?
1:13.6	Well, a balance sheet is basically a summary of all the cash that you have in your bank accounts, all of the assets or real estate assets, and all the
1:17.9	credit card debt or debts that you owe. And so I have found that people who have control of their
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Find distressed properties for pennies on the dollar and turn them for huge profits!, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Find distressed properties for pennies on the dollar and turn them for huge profits! and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.