#10: Know Your Numbers - Simplify and find a system that works for your business.
Small Business BS · Adam Witmer and Jeff Gargas
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Show Notes
In this episode we discuss the importance of understanding key financial numbers for small business owners. We debate the necessity of complex financial reports versus focusing on essential metrics like cash flow and your cashflow runway. The key is tailoring the systems for your business's financial management to individual business needs. Often, a simpler approach is best in early stages. More robust systems may be needed as your businesses grows, but we can usually keep it simple for a long time.