Ep 43 - Financial clarity as power: break down your business numbers

Summary:

This episode is all about empowering entrepreneurs with financial clarity. Audrey emphasizes that understanding your business numbers is crucial for making confident, strategic decisions. When you have a clear grasp of your revenue, expenses, profit, and cash flow, it reduces stress and allows you to lead your business from a place of confidence, not uncertainty.

Audrey walks through the key financial metrics to track, including revenue, expenses, gross profit, net profit, and cash flow. She explains how these numbers communicate the health of your business and enable you to make informed choices. Audrey also highlights the importance of understanding accounts receivable and payable to manage cash flow effectively.

The core message is that financial clarity is power. When you take the time to understand where your money is coming from and going, you can steer your business with intention and purpose. Audrey encourages entrepreneurs to build a financial system that works for them, rather than relying on others. Her aim is to empower change makers and peace warriors to take control of their finances and use that knowledge to create the impact they desire.

Show Notes:

• The importance of financial clarity for confident, strategic business decisions

• Key financial metrics to track: revenue, expenses, gross profit, net profit, cash flow

• Understanding the difference between profit and cash flow

• Monitoring accounts receivable and payable to manage cash flow

• Building a financial system that empowers you as the business owner

• Audrey's offer to conduct a financial audit and help entrepreneurs gain clarity

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