The Small Business School Podcast
Ready to leave the small business struggle behind? The “School for Small Business” podcast supports small business owners in scaling a business that is profitable, purposeful, and doesn’t leave you burnt out. No matter whether you run your business online or you own a brick-and-mortar, you can expect our world class experts to support you with mindset, tactics, and everything in between so you can have the business you dreamed of. Based on our lived experience, we know that small business CAN be easy and we are here to show you how.The “School for Small Business” is hosted by Staci Millard, a CPA by trade with over 15 years of experience seeing the behind the scenes of thousands of small businesses. After growing and selling her first 7 figure business, Staci has been on the ground running - mentoring small businesses and working to increase success rates. Staci strongly believes you don’t need to have gone to business school to be successful so you can expect nothing but simple, impactful advice. Tune in each Tuesday for a new 30 minute or less episode of nothing but valuable advice to help you grow your small business. We are so excited for you to be on this journey with us!
The Small Business School Podcast
Business Builders (Pt:3) The 3 Most Critical Financial Metrics for Your Business
By understanding just a few key metrics in your business you can set yourself up for immeasurably more success. On this episode of Business Builders, I want to dive into profit margins, cash flow, and revenue trends in order to help you step more into your CEO role to grow your business sustainably and with more clarity.
Key topics covered:
- Profit Margins: Why knowing your revenue minus expenses is essential and how it reveals your business's health.
- Cash Flow: Understanding the timing of money coming in and going out to avoid surprises.
- Revenue Trends & Monthly Recurring Revenue: Spotting patterns to plan ahead and bring stability to your income.
By financial tracking you’ll gain confidence in your financial decisions, a small step today leads to big success tomorrow!
Challenge:
Take a few minutes to find out these numbers;
- Your profit margin
- Your cash flow for the past month and
- Your average monthly revenue for the last year
Write them down and make a note of what you need to seek more clarity on, and take action to get that clarity!
Mentioned in Episode:
Ep. 134 The Three Profit Levers
Staci's Links:
Instagram. Website.
The School for Small Business Podcast is a proud member of the Female Alliance Media.
To learn more about Female Alliance Media and how they are elevating female voices or how they can support your show, visit femalealliancemedia.ca.
Head over to my website https://www.stacimillard.com/ to grab your FREE copy of my Profit Playbook and receive 30 innovative ways you can add more profit to your business AND the first step towards implementing these ideas in your business!
