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More Profit By Knowing Your Numbers And Projecting The Future - Episode 41
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Restoration Marketing Secrets: More Profit By Knowing Your Numbers And Projecting The Future - Episode 41
Description:
Sean dives into the often-dreaded topic of bookkeeping and the significance of knowing your business numbers. In this revealing episode, Sean shares personal experiences and insights from his monthly bookkeeping call and explains why he chose to outsource this crucial aspect of his business. Whether you're a numbers person or not, understanding the financial aspects of your business is vital to its success.
Episode Highlights:
- The importance of understanding and staying updated with your financials.
- The dangers of "flying by the seat of your pants" when it comes to finances.
- Reflections on attempting to manage bookkeeping internally and the pitfalls of trying to save money in this area.
- The difference between running your business as a job versus a growth-focused venture.
- The benefits of hiring a bookkeeper and the peace of mind it can bring.
- Sean's emphasis on looking at P&L statements, balance sheets, and setting projections.
- A sneak peek into an upcoming episode where Sean will interview a financial expert.
Tune in and find out why Sean, despite his disdain for numbers, believes that being in the know is crucial for every entrepreneur out there. Don't let the fear of financials hinder your business's potential. Know your numbers, understand the story they tell, and navigate your business toward success.
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