Day 5 - Your Business' Financial Health

For Day 5, we're talking money - defining gross vs. net revenues, fixed vs. variable costs, how to forecast your budget for the following year and can you afford those upgrades you noted yesterday? What expenses last year made a true return on the investment?I do talk about the "Profit First" method, and highly recommend you pick up that book. If you want all the workbooks tied to topics from this podcast, join the Success Circle for $35/month.Don't forget! I'm not a CPA, this is not financial advice, simply my experience with growing my travel agency. If you have questions, please consult with a CPA and/or business attorney regarding the structure of your business.