Jan 8, 2021
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