Based on my survey, most small business owners and entrepreneurs don't know the difference between margin and mark-up! Freighting!
It is even scarier that most small business owners and founders don't even know what financial information to use to improve their business performance.
Finance and business are intricately and intimately connected, yet many try to divorce them and even outsource their financial insights - it is no wonder most businesses fail!
Mistakenly, many see financial information and reports as boring and something to ignore, until they get hit with an unexpected tax bill. At this time, they start hassling their accountant to get it reduced, especially when there is no money in the bank.
Episode 14 addresses the importance of understanding the key numbers and metrics in your business to have a highly profitable and resilient company.
I explain some of the key metrics to monitor as well as strategies to increase your bottom line!
If you found this podcast informative, please like, share comment or subscribe/ follow my channel.
You can find out more about me through social media profiles or visiting my website www.racmacs.com.
Follow me on Social Media:
LinkedIn: https://www.linkedin.com/in/royston-andrew-cumberbatch-finance.
Instagram: https://www.instagram.com/royston.cumberbatch/
YouTube: https://www.youtube.com/feed/my_videos
Facebook: https://www.facebook.com/RoyceCum
Join Facebook Community: https://www.facebook.com/1190826847779960/photos/10156549866807120/?av=558592119
","author_name":"Royston Andrew Cumberbatch"}