Successful Entrepreneurs Understand Numbers
Numbers can be intimidating, we get it. Here's the deal - you don't need to be an accountant or have a business degree, or even know the tax codes.... It's a well known secret that large businesses rely on experts to help them understand the numbers. You just need Number-Insights from an experienced and trusted advisor who knows your numbers.
Busy entrepreneurs focus mainly on their passion, sometimes skipping over the big picture. Regardless of your talent, if you don't understand the numbers the business could fail instead of thriving. The odds are stacked against you as 8 out of 10 businesses fail within 5 short years, and we know the 2 that survived understand their numbers.
Number-Insights focuses on understanding the numbers by looking at the business rhythm, comparing metrics, reviewing your margins, looking at your labor efficiency trends, creating a target cashflow and knowing how much you owe in taxes at any given point in the year , plus more. Making time to work "on" and not "in" the business to understand where you are, where you came from, and where you're going gives insights and should be done at least quarterly or monthly.
Make time to understand the Numbers
