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7. First Steps In Getting Your Business Finances in Order (and Increase Your Profit!)
Manage episode 367884895 series 3476365
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In this episode we're diving into the world of financial tracking and why it's an absolute must for running a profitable business. Don't worry if numbers aren't your thing—we've got your back!
Here's a sneak peek of what we'll be covering:
💰 Embrace the Numbers: We'll debunk the myth that you have to be a math genius to understand your finances. Whether numbers make you cringe or you're already a finance whiz, we'll break it down into simple steps and show you how to harness the power of financial tracking for your business.
📊 The Key Trio: We'll unveil the three essential metrics to track right from the start: cash, profit, and sales. We'll explain why cash is your reality check, profit is your sanity indicator, and sales should never be just about vanity. These insights will transform the way you make decisions and steer your business toward success.
💸 Master Your Cash Flow: We'll guide you through the process of tracking your cash flow like a pro. From understanding the ins and outs of your business's financial reality to keeping a close eye on costs, you'll gain the confidence to navigate your cash flow effectively.
📉 Uncover the Drivers of Revenue: We'll dive deep into understanding what truly drives your revenue. No more guesswork—get ready to uncover the key factors that contribute to your business's financial success. Armed with this knowledge, you'll be equipped to make informed decisions that will boost your bottom line.
📈 Let Data Drive Your Decisions: We'll show you how to harness the power of financial data to make strategic decisions. From pricing your products or services to evaluating the profitability of different offerings, you'll learn how to use your financial insights to propel your business forward.
Whether you're a numbers novice or already have a love affair with spreadsheets, this episode will empower you to take control of your finances and pave the way for profitable success.
FREE Hiring & Finance Resources Links
Turn 6 figures in sales into 6 figures in profit [FREE]: https://www.theproductproject.com/moreprofit
Instant Access to The Hire and Scale Masterclass [FREE] - https://www.georgiafitzgeraldcoaching.com/MasterclassReplay
This podcast is brought to you by;
Georgia Fitzgerald (www.georgiafitzgeraldcoaching.com) and Pip Harland (www.theproductproject.com)
If you have a topic you particularly want support with, why not drop us a DM on our Instagram pages: @iamgeorgiafitzgerald OR @pipharland
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