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Unlocking Business Growth Through Financial Literacy with Jade Spehr, Founder of JadeStart
Manage episode 422021936 series 2986227
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In this insightful episode, Marni sits down with Jade Spehr, a lawyer, business coach, and founder of JadeStart, to discuss the pivotal role that financial literacy plays in driving business growth and success. Jade shares her expertise, honed through years of experience in insolvency law, forensic accounting, and business consulting.
Key Takeaways:
- Don't assume your accountant or bookkeeper will always do everything perfectly. As a business owner, you need to understand your numbers and keep them accountable.
- The three key financial reports to monitor are the Profit & Loss (performance), Cash Flow (blood pressure), and Balance Sheet (health).
- Understanding metrics like client retention, product sales percentage, and average client spending can help you set KPIs and measure the impact of your strategies.
- Review your technology subscriptions regularly to streamline and ensure they provide efficiency and valuable reporting.
- Jade shares a success story of a client who, by implementing the right strategies, went from being heavily in debt to earning over $200,000 as a solo operator.
Resources & Links Mentioned:
Learn more about Jade Spehr and JadeStart here:
- Website: https://www.jadestart.com/
- Instagram: https://www.instagram.com/jadestart_/
- LinkedIn: https://www.linkedin.com/in/jadeweller/
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