Minisode 7: Modern CEOs - How to Stop Overcomplicating Money in Your Business episode artwork

EPISODE · Jan 8, 2021 · 7 MIN

Minisode 7: Modern CEOs - How to Stop Overcomplicating Money in Your Business

from Right on Time Podcast

Highlights:   [00:26] "It's incredibly important that we look closely at our numbers and we look closely at our financials as we are growing our businesses."   [00:48] "Take a look at your financials daily -- what's coming in and what's coming out"   [01:13] "You might look at your numbers differently at different seasons."   [01:57] Strategy on how to determine and manage your profit   [02:20] What is a profit margin   [02:45] How to track your profitability for the year 2021   [03:13] "What gets measured, gets done. Gets our focus. Gets our attention."   [03:31] Difference between the sales number and revenue   [04:19] Ways to augment your money review using simple tools   [04:41] How looking at your revenue provides momentum   [05:02] "Everytime a sale comes, we're doing the happy dance."   [05:19] Should you track your expenses individually?   [06:39] "Having your eyes on this is gonna fuel you and give you so much more awareness around your financials."   [06:55] When to do your financial review

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Minisode 7: Modern CEOs - How to Stop Overcomplicating Money in Your Business

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