Profit is NOT Cash (Management) This is the part nobody tells you when you start a business. Profit is an accounting concept. Cash is what actually pays your bills. You can be profitable on paper and completely broke in real life at the same time. It happens every day to good businesses run by smart people. A construction company finishes a $200,000 job and won't see payment for 60 days. A service firm lands three new clients in January and has to hire and train staff in Dece