Key Takeaways
- Segregation of duties and authorization controls prevent fraud and errors as the team grows.
- Multiple bank accounts (operating, deal, reserve, tax escrow) with a 13-week cash flow forecast provide cash management discipline.
- Deal-level P&L tracking reveals true profitability—many deals showing $30K gross profit yield only $12K after all costs.
- Financial controls are not bureaucracy—they are the infrastructure that makes scaling safe.
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Test Your Knowledge
1.What is the purpose of a 13-week cash flow forecast?
2.Why is deal-level P&L tracking essential for scaling decisions?
3.What percentage of net profits should be set aside for quarterly estimated taxes?