Lil Roberts knows a thing or two about accounting, finance and tax. She co-founded Xendoo in 2017, and it has grown steadily since then. Xendoo is an accounting and bookkeeping company for businesses with less than 20 employees.
Working with many small businesses over the past few years, she's seen some common mistakes and misconceptions. She's particularly passionate about is the importance of balancing cashflow with profitability. All too many small businesses just operate from their checkbook, and that means they don't see the whole picture. She has seen many businesses that are overall profitable, but still run out of cash and go out of business.
Take a listen as Lil very clearly and simply takes us through the concepts of cashflow vs profitability, and then shares some tips to make sure your business stays profitable AND has healthy cashflow! Or you can read a transcript of our interview here.
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