Episode 5: Building Your Financial Foundation
If you want a sustainably profitable business, you can't ignore your financial foundation. It's what supports all the upper levels of your business. Without that foundation, your business won't have sustainable profit and might even crash down around you.
In this week's episode, I'll explain the 2 parts to financial foundation: know your numbers and core processes.
I'll break down what "know your numbers" really means and give you an easy framework for assessing where you are at in knowing your own numbers.
Then I'll explain about the core financial processes that all businesses need and many often ignore.
Have a listen and start building your financial foundations today.
Mentioned in today’s episode: Part 1 of this 4-part series on the real profit equation
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