John Porter is the master of cash flow management, he’s started quite a few businesses with a broad range of experiences. In this workshop he talks about financial accounting, and managerial accounting, and the huge differences between them. He focuses on cash flow, the flow into and out of your business. If a business is operating only by looking at the bank account balance, you’re in big trouble. There is likely much more that is going on than just the cash that is sitting in your bank account, you have to consider your burn rates, accounts receivables, and a plethora of other components that play a role in your decision making. There is a delicate balance of cash flow, and its important to have a good idea of how it works and how to use it to make decisions in your business.