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Optimizing Professional Service Finances - Jon Morris
Manage episode 442715093 series 3594045
Eric Rutherford에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Eric Rutherford 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
In this episode of "It's Marketing's Fault," host Eric Rutherford sits down with Jon Morris, founder and CEO of Fiscal Advocate, to explore the financial intricacies that professional service firms often overlook.
Jon shares insights on the critical role of gross margins, emphasizing the ideal range of 50-60% for profitability and growth. He discusses the importance of understanding financial metrics, such as cash reserves and EBITDA, to make strategic decisions. Jon also highlights the significance of a robust finance department in scaling a business, drawing from his experience at Rise Interactive.
The conversation delves into the challenges of managing expenses, the necessity of strategic planning, and the value of building a business that prioritizes quality service and client retention.
Whether you're a seasoned entrepreneur or just starting out, this episode offers valuable guidance on aligning financial strategies with business goals.
https://fiscaladvocate.com/
https://www.linkedin.com/in/jonmorrisramsayinnovations/
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