Are You Stealing From Yourself? [THA 351]

<div dir="auto"> <div class="px-10"> <div class="text-lg pt-4 text-left prose-lg"> "When you take cash from the business, you are strangling cash flow, and you end up in a situation where you can't pay your bills." Murray Voth, Rick White, and Bill Haas discuss the consequences of not reporting income, the importance of understanding cash flow in business, the pitfalls of tax evasion, and using personal credit cards for business expenses. It's not just about making money, but also about managing it effectively. Murray Voth, <a href="https://rpmtraining.net/" target="_blank" rel="noopener">RPM Training. </a>Listen to Murray’s previous episodes <a href="https://remarkableresults.biz/?s=%22murray+voth%22" target="_blank" rel="noopener">HERE</a> Rick White, President and Lead Coach for <a href="https://www.180biz.com/" target="_blank" rel="noopener">180BIZ</a>, Listen to Rick’s previous episodes <a href="https://remarkableresults.biz/?s=%22rick+white%22" target="_blank" rel="noopener">HERE</a>. Bill Haas, <a href="https://www.haasperformanceconsulting.com/" target="_blank" rel="noopener">Haas Performance Consulting,</a> Bill’s previous episodes <a href="https://remarkableresults.biz/?s=%22haas%22" target="_blank" rel="noopener">HERE</a>. Show Notes: </div> </div> </div> <div class="px-10"> <div class="text-lg pt-4 text-left prose-lg"> <ul> <li><a href="https://www.youtube.com/watch?v=WthPbCGYews&amp;t=5s" target="_blank" rel="noopener"><strong>Watch Full Video</strong></a></li> <li>Stealing from yourself and the consequences of not reporting income (00:01:29) Discussion on the potential consequences of not reporting income and the impact it can have on succession or eventual sale of a business.</li> <li>The importance of cash flow and its impact on paying bills (00:03:01) Exploration of how taking cash out of a business can strangle cash flow and lead to difficulty in paying bills.</li> <li>Being a role model in business and the value of ethical behavior (00:06:37) Discussion on the importance of being