Avoiding Your Numbers Hurts You

Avoiding your numbers hurts your business and ultimately you

Too many small business owners only look at their numbers

During tax season!

It’s not tax season right now

When was the last time you looked?

Do you turn most of everything over to your accountants

And cross your fingers?

How do you know if you have enough reserves to make a necessary investment?

When there is enough in the bank account?

If you do that, can you cover payroll?

And you wonder why small business owners are overwhelmed!

That’s a terrible feeling to not know, but hope!

What can you do?

If nothing else, know your total revenue, your cost of goods sold and your overhead or fixed costs.

You can figure out the basics from there.

If you would like a cheat sheet on how to work with just those numbers and what they mean to making decisions, comment “numbers.”

#smallbusinessowners #financials #runway2revenue #profticoach