1016: Controlling Personal Income
Featuring Dr. Mark Costes and Jake Conway
Today we have a clip from a recent event on getting a hold of and maintaining control of income. Many people out there are after multiple income streams. A great goal, but only accomplishable when you have tight systems for controlling and accounting for each stream.
During the show, they cover:
- Cash vs accrual based accounting
- P&L vs balance sheet items
- Why 11.5% is the ideal number for lab and supply costs