Profitable But Panicked: Why Your Business Feels Broke Even When It’s Not

04/08/2025 45 min

Listen "Profitable But Panicked: Why Your Business Feels Broke Even When It’s Not"

Episode Synopsis

Does your business look good on paper but leave you feeling financially strapped? You're not alone, and it's time to understand why!In this episode of the Thank Me Later Show with Jini, we bring together three expert CPAs, each with 20+ years of experience in the entertainment industry, to tackle this issue head-on. Tune in to discover why every business owner, regardless of industry, absolutely needs a trusted accountant, and how to hold your accountant accountable to ensure your financial health. We’ll unpack what your finances are really saying about your business, moving beyond the surface to reveal the true story of your cash flow and profitability. This isn’t just another talk about taxes—it’s a behind-the-scenes look at how high-earning businesses still feel broke, and what to do about it. If you’ve ever wondered why your profits don’t match your bank balance or how to position your business for sustainable growth, this episode is a must-listen.If you tune into this episode of the podcast and apply the tips, I promise that you will #thankmelater! #thankmelatershow #thankmelatermoney #jinithornton #moneycoach #financialexpert #entrepreneurship #entrepreneurmindset #businesstips #growyourbusiness STAY CONNECTED:Connect with Thank Me Later:https://thankmelatermoney.com https://www.instagram.com/tmlmoney https://www.tiktok.com/@tmlmoney Connect with Jini:https://jinithornton.com/https://www.instagram.com/jinithornton https://www.tiktok.com/@jinithornton https://www.linkedin.com/in/jinithornton/ ______RESOURCES: Join the TML Community: https://www.thankmelatermoney.com Check out the Entrepreneur podcast playlist: https://www.youtube.com/playlist?list=PLMZGn9VLVoiBDT1ljB7SXvDzP84YbtoVG _____TIMESTAMPS:4:20 - Why every business owner, including accountants need an accountant 6:51 - The bare minimum financial information to track as an entrepreneur 9:06 - Do you need an accountant and a tax advisor/tax preparer?10:43 - The best strategy to get out of financial survival mode14:18 - When it’s time to hire an accountant as an entrepreneur 17:31 - How to hold your accountant accountable 22:00 - What is cashflow in your business 25:11 - Understanding what your finances are showing you about your business 28:03 - Putting yourself in position to borrow money in your business to scale 30:36 - Is it worth it to hire a Fractional CFO?33:32 - Outsourcing finance tasks in your business38:40 - How to know when you’re financially ready to expand in your business

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