TFS#72 (VIDEO): Lakun Agrawal, Wavemakers Global CFO - How To Increase Your Accounting Profits & Cashflow

Lakun Agrawal is the CFO of Wavemakers ANZ. He is an energetic,
driven leader with extensive senior management experience in both
Australian and multinational businesses across the Asia Pacific.


In this episode, Lakun explains to us how to increase our
accounting profits and our cashflows!


Follow Lakun: https://www.linkedin.com/in/lakunagrawal/


Episode Chapters:


00:00 Intro


00:30 Meet Lakun Agrawal


01:30 How To Be A CFO


03:10 What Is Chartered Accounting


04:50 Certified Practicing Accountants


06:50 Chartered Accountants vs CPA


08:20 In-house Accounting


09:40 Accountant Responsibilities


10:30 The Importance of Financial Forecasting


12:00 How To Manage Your Business Better


13:30 What Is Cashflow


14:45 The Fall of Xinja


17:30 Cashflow vs Profit


18:30 An Uber Case Study


20:35 Accounting Profits vs Cash Profits


22:30 Cashflow & Accounting Losses


26:00 The Advice From Bill Gates


27:51 How Much Capital Do You Have


29:35 Knowing Your Parameters


32:10 How To Become Cashflow Neutral


34:40 What A Really Good Accountant Would Do


37:00 Understanding Your Negative Delta


39:00 Side Hustle Funding


42:00 Passive Income


43:00 Setting Core Values


45:00 Schedule Your Life First


47:15 Good vs Bad Distractions


48:40 Making Conscious Decisions


50:00 Knowing When To Stop


52:30 Knowing Why You’re Doing It


54:00 How To Find A Good Accountant


57:30 Using Your Social Networks & Contacts


59:25 Business Advisors


01:02:50 The Power Of Networks


01:04:10 The Suburban Accountants


01:04:55 Most Overlooked Things In Business


01:07:35 Business Structuring


01:09:30 Reporting & Compliance


01:11:00 Tax Advisors


01:13:50 Outro