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  <title>You Can't Do Infinite Banking If You Don't Know Your Numbers (Ep. 291)</title>
  <description>You can't get away from the bank if you don't know your numbers. Mary Jo Irmen shares a business-owner to business-owner nudge for blue collar and small business owners. Mary Jo breaks down what she's seeing in her last 5 business-owner meetings: successful, hard-working owners making a lot of money — but with no P&amp;amp;amp;L, no QuickBooks, no handle on depreciation, profit margins, ortaxes. She explains why growth without profit is a trap, why relying only on your CPA to &amp;quot;pay less tax&amp;quot; can lead tobad equipment purchases, and why she won't write an infinite banking policy without knowing your business structure, payroll, loans, cash flow, key people, and exit plan. Plus: DIY policies, working IN vs ON your business, death benefit and estate planning, and what private equity buying up trades means for you. Buy the book: https://www.WithoutTheBank.com/Book&amp;amp;nbsp;  Email Mary Jo: MaryJo@WithoutTheBank.com&amp;amp;nbsp; Chapters: 00:00 Know Your Numbers 00:32 Podcast Kickoff 01:24 Missing Financial Basics 02:59 Growth Versus Margins 04:35 Fast Decisions Need Prep 05:02 Why I Ask Everything 07:23 DIY Policies Warning 08:46 Work On The Business 11:52 Be Ready With Financials 14:20 Cash Flow And Funding 16:41 Exit Plans And Protection 17:52 Final Push And Next Steps Audio Production by Podsworth Media - https://podsworth.com&amp;amp;nbsp; </description>
  <author_name>Without the Bank Podcast</author_name>
  <author_url>https://withoutthebank.com</author_url>
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