Search

Home > The Modern CEO > Minisode 7: Modern CEOs - How to Stop Overcomplicating Money in Your Business
Podcast: The Modern CEO
Episode:

Minisode 7: Modern CEOs - How to Stop Overcomplicating Money in Your Business
Category: Business
Duration: 00:07:37
Publish Date: 2021-01-08 07:00:00
Description:

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
Total Play: 0