The Business of Boutique Fitness
396: Best of Ready.Aim.Empire: The Three Financial Reports That Built My 30+% Profit Margins
Love ‘em or hate ‘em, numbers don’t lie, y’all.
And they’re saying loud and clear the story of just how well your business is really doing.
And once you learn to decipher that message, you can work on fine-tuning it till your business is churning out profit like a well-oiled machine.
In this throwback episode, join us as we deep dive into the three reports you should be monitoring, and how to use that information to get profit numbers you’ll look forward to seeing every month, no cold sweat necessary!
If looking at your numbers scares you (or if you just avoid looking at them altogether, hey, I’ve been there!), this is the episode for you.
In this episode you’ll learn:
- Why in the past I’ve felt like financials have been my “nemesis”
- The single most important report to have and what I’m looking for on it
- The Pro Forma and what this report allows us to see and do
- How regularly reviewing your payroll will benefit your business
- A monthly practice we do that will save you tons of time and headaches come tax time
LINKS:
https://quickbooks.intuit.com/
https://www.sage.com/en-us/products/peachtree/
With grit & gratitude,
Lisé
