TBL Episode 66: How to get better at making financial decisions in your business

Making decisions is what being a business owner is all about. Sometimes those decisions can feel small and easy, and other times they can feel complicated and daunting. When the decisions start to revolve around money, many online entrepreneurs start to seize up and lose confidence. At the end of the day, you need to know where you stand before you can make a decision about which direction your business should take. That's why in this episode, we discuss: What you need as an entrepreneur to make more confident financial decisions Why your profit and loss statement makes financial decisions so much easier to manage How a forecast/budget becomes more important for decision making as your business grows Why profitability should be the guide for most business decisions you make Why deciding how much to pay yourself can feel like such a daunting task Why we get so many questions about how much to invest in ads and team members