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Tanning Salon Don

@TheSalonDon • 13,876 subscribers

Only person to quit Private Equity to run tanning salons | I help a few people per month ↓↓

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Codie Sanchez does not understand the basics of finance 1) You don’t “look at the balance sheet” to see if a company is profitable You look at the income and cash flow statements 2) When you own a business you care about free cash flow. Not taxable income Hotels can use depreciation to lower taxable income and raise free cash flow that is a positive. Not a negative 3) Depreciation is not a fancy tax process. It is a standard part of essentially every business on earth

Codie Sanchez does not understand the basics of finance 1) You don’t “look at the balance sheet” to see if a company is profitable You look at the income and cash flow statements 2) When you own a business you care about free cash flow. Not taxable income Hotels can use depreciation to lower taxable income and raise free cash flow that is a positive. Not a negative 3) Depreciation is not a fancy tax process. It is a standard part of essentially every business on earth

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