Glass Jars & Budgeting in Your Business with Phil McGilvray
Manage episode 521461580 series 3456366
Alison talks with Phil McGilvray about the critical link between financial management and client value. Phil shares insights from his grandmother's budgeting method and highlights the emotional challenges entrepreneurs face with finances.
They discuss the misconceptions of focusing solely on revenue, the importance of tracking key financial metrics, and building financial stability. Phil introduces his "financial cascade" approach and offers practical tips for overwhelmed business owners, emphasizing that effective financial management is vital for achieving business success and personal goals.
HIGHLIGHTS:
13:20 Financial Roadblocks Uncovered
15:36 Five Essential Numbers to Track
17:36 The Financial Cascade Explained
25:54 Turning Business Success into Personal Wealth
27:18 Closing Thoughts and Resources
connect with Phil:
website: www.philmcgilvray.com
Linkedin: https://www.linkedin.com/in/phil-mcgilvray-3036572
SPONSOR:
Discount code: THEALISONK2024
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