Player FM 앱으로 오프라인으로 전환하세요!
The Key Financial Metrics Every Business Owner Should Know with Brad Ebenhoeh
Manage episode 444254622 series 2593842
In today’s episode, we dive into the importance of mastering your business's financials to make smarter, more informed decisions. We'll explore key areas like cash flow management, accrual accounting, and profitability tracking, all of which play a vital role in ensuring long-term success and financial health. Whether you're an entrepreneur navigating large contracts or a small business owner trying to optimize project efficiency, understanding your numbers is essential to staying ahead and growing your business sustainably.
Our guest, Brad Ebenhoeh, is the founder of Accountfully, a modern outsourced accounting firm that caters to innovative brands and businesses. Leaving behind the corporate world of suits and ties, Brad embraced a fresh approach to accounting one that integrates technology and emphasizes a strong work-life balance. Through his forward-thinking leadership, Brad has transformed accounting into a dynamic, client-focused service, proving that financial management can be as exciting and impactful as the creative brands he partners with.
Coming up on this episode:
- Understanding and tracking your business’s financial numbers is crucial to making informed decisions and avoiding costly mistakes.
- Accrual accounting provides a clearer picture of financial health by matching revenues and expenses accurately over time.
- Cash flow management is essential, especially when dealing with large clients or extended payment terms to prevent business disruptions.
- Building strong partnerships and referral networks can significantly boost client acquisition and business growth.
- Regularly reviewing project profitability and labor utilization helps ensure efficient operations and maximizes profits.
All this and more, on this week’s episode of Beyond 7 Figures.
Stay tuned next week, so don’t forget to subscribe to the show to get that episode as soon it gets released. Until then, be profitable.
Links:247 에피소드
Manage episode 444254622 series 2593842
In today’s episode, we dive into the importance of mastering your business's financials to make smarter, more informed decisions. We'll explore key areas like cash flow management, accrual accounting, and profitability tracking, all of which play a vital role in ensuring long-term success and financial health. Whether you're an entrepreneur navigating large contracts or a small business owner trying to optimize project efficiency, understanding your numbers is essential to staying ahead and growing your business sustainably.
Our guest, Brad Ebenhoeh, is the founder of Accountfully, a modern outsourced accounting firm that caters to innovative brands and businesses. Leaving behind the corporate world of suits and ties, Brad embraced a fresh approach to accounting one that integrates technology and emphasizes a strong work-life balance. Through his forward-thinking leadership, Brad has transformed accounting into a dynamic, client-focused service, proving that financial management can be as exciting and impactful as the creative brands he partners with.
Coming up on this episode:
- Understanding and tracking your business’s financial numbers is crucial to making informed decisions and avoiding costly mistakes.
- Accrual accounting provides a clearer picture of financial health by matching revenues and expenses accurately over time.
- Cash flow management is essential, especially when dealing with large clients or extended payment terms to prevent business disruptions.
- Building strong partnerships and referral networks can significantly boost client acquisition and business growth.
- Regularly reviewing project profitability and labor utilization helps ensure efficient operations and maximizes profits.
All this and more, on this week’s episode of Beyond 7 Figures.
Stay tuned next week, so don’t forget to subscribe to the show to get that episode as soon it gets released. Until then, be profitable.
Links:247 에피소드
모든 에피소드
×플레이어 FM에 오신것을 환영합니다!
플레이어 FM은 웹에서 고품질 팟캐스트를 검색하여 지금 바로 즐길 수 있도록 합니다. 최고의 팟캐스트 앱이며 Android, iPhone 및 웹에서도 작동합니다. 장치 간 구독 동기화를 위해 가입하세요.