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9. What Should I Track and When Should I Track It (Everything You Need To Know About Small Business Finances)
Manage episode 371626968 series 3476365
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Building upon our previous finance discussion, we're diving deeper into the essential aspects of what to track and when.
We’ll be taking a look into why It's Essential: Discover why tracking your business finances is absolutely crucial for success. Learn how a lack of cash flow management can lead to the downfall of many small businesses. Gain confidence and take control of your financial situation for a more prosperous future.
⏰ The Power of Daily Tracking: Uncover the importance of daily tracking and how it helps you stay on top of your financial health. Discover key metrics and indicators to monitor regularly to ensure you're making informed decisions.
🗓️ The Weekly Pulse: Dive into the weekly financial check-ins that provide valuable insights into your business performance. Learn how to identify trends, spot opportunities, and address any potential issues before they become major concerns.
📅 Monthly Deep Dive: Take a monthly deep dive into your financials to assess your overall business health. Explore essential metrics, review financial statements, and evaluate your progress toward financial goals. Gain a comprehensive understanding of your business's financial position.
💡 Real-Life Example: Discover how a client transformed their profitability by implementing these tracking techniques and gaining a clearer understanding of their business's financial dynamics.
FREE Hiring & Finance Resources Links
Turn 6 figures in sales into 6 figures in profit [FREE]: https://www.theproductproject.com/moreprofit
Instant Access to The Hire and Scale Masterclass [FREE] - https://www.georgiafitzgeraldcoaching.com/MasterclassReplay
This podcast is brought to you by;
Georgia Fitzgerald (www.georgiafitzgeraldcoaching.com) and Pip Harland (www.theproductproject.com)
If you have a topic you particularly want support with, why not drop us a DM on our Instagram pages: @iamgeorgiafitzgerald OR @pipharland
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