EPISODE · Jun 26, 2024 · 14 MIN
My Business Finances: Growth, Losses, and Lessons!
from Being a Business Owner · host Alexis Charkiw
I'm going where most business owners wouldn't dare to go, as I reveal my ACTUAL financial figures over the last five years in business. Despite so many entrepreneurs sharing their money milestones online, I find that not enough are truthfully talking about how they reached them, the challenges they faced along the way and the impact it has on their future. But that's all about to change, as I take you behind the scenes of my financial journey. In this week's episode, I discuss; • The importance of financial tracking in business. • How financial numbers should tell the story of your business. • My financial business journey over the last five years. • The definitions of turnover, gross profit, and profit/loss figures • The difference between company and sole trader accounting • The concept of planned losses during scaling periods • The importance of understanding the reasons behind losses or profit changes. Let's Connect: Right Click HQ LinkedIn Instagram Facebook
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My Business Finances: Growth, Losses, and Lessons!
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