{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"You Can't Do Infinite Banking If You Don't Know Your Numbers (Ep. 291)","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 \u2014 but with no P&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 "pay less tax" 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  Email Mary Jo: MaryJo@WithoutTheBank.com  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  ","author_name":"Without the Bank Podcast","author_url":"https:\/\/withoutthebank.com","html":"