The 3 Key Metrics for your Lifestyle Business with Stephanie Skryzowski
The 5-Minute Strategist
English - September 17, 2020 08:00 - 25 minutes - 23.3 MB - ★★★★★ - 26 ratingsEntrepreneurship Business Management Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 5 Questions a prospect will ask before they buy
Next Episode: Why you need a referral program ASAP
When you understand your business’ financials, you can make quick decisions about where to go next, what to stop doing and how to pivot in a crisis.
Stephanie walks you through how to use your numbers to make confident decisions for your business even If you’ve never understood if your profit number is good or bad or been able to tie it back to the cash in your bank account.
Key Takeaway
There’s no one right answer to the question, “What’s a good profit margin?” The trick is to avoid looking at it in a vacuum.
We talk about
What a CFO (Chief Financial Officer) does - it’s not all cost-cutting and belt-tighteningThe biggest challenge entrepreneurs face with their numbersWhere to get started looking at your P&L (profit and loss) numbersThe 3 metrics you need in your business and how to use themLinks
To read the transcript and explore other episodes go to dianemayor.com/6