Many business owners struggle to connect their financials to actionable insights and ownership goals. In this episode of Independence by Design™, I sit down with Tracy Bech—founder of the 60-Minute CFO and creator of a financial forecasting system that simplifies the three-statement model—to break down the 14 Ownership KPIs that every owner-operator needs to master. Together, we explore how understanding these metrics can transform decision-making, align operations with ownership goals, and empower business owners to scale sustainably while maintaining control over their financial destiny.

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Tracy explains why free cash flow is the ultimate metric for any business and how tying income, balance sheet, and cash flow statements into a unified model creates a clear roadmap for growth. We dive into real-world examples, practical strategies, and the mindset shifts needed to move from financial confusion to clarity, providing listeners with the tools they need to transition confidently into a true ownership role.

This conversation highlights the importance of tying financial metrics to ownership goals while maintaining simplicity, offering owner-operators a clear path to operational and financial excellence. By focusing on the 14 Ownership KPIs, owners can make informed decisions, delegate effectively, and achieve long-term success.

Tracy Bech is the founder of the 60-Minute CFO, a financial expert, and a business owner who has transitioned from services-based entrepreneurship to mastering the complexities of inventory-driven e-commerce. Her experience inspired her to create tools and systems that simplify financial management for owner-operators. Tracy’s approach is rooted in the belief that clarity and simplicity empower business owners to align their financial decisions with their long-term goals. Her methodologies are practical, accessible, and transformative for anyone seeking to connect financial insights to ownership success.

Chapters:

Resources:

60MinuteCFO.com

Tracy Bech LinkedIn

60-Minute CFO Book 

Tracy Bech on X  

Previous Episode #409: Where Is the Money? From Services to E-Commerce: Tracy Bech’s Playbook for Understanding Cash Flow

Independence by Design™ Workshop: https://ryantansom.com/independence-by-design-workshop 

Independence by Design™ Ownership Coaching: Ryan Tansom’s Ownership Accelerator programs and coaching https://ryantansom.com/coaching

Ryan Tansom Website https://ryantansom.com/

Ryan Tansom LinkedIn https://www.linkedin.com/in/ryantansom/

Ryan Tansom Twitter https://twitter.com/RyanTansom

Ryan Tansom YouTube https://www.youtube.com/@ryantansom

Ryan Tansom 30-Minute Ownership Strategy Call https://calendar.app.google/tsKk7z6ohugDchWq8

Sound Bites:

“The only thing that matters is free cash flow, and understanding it is the key to making better decisions.” – Ryan Tansom

“The 14 Ownership KPIs are like the dashboard for your business. They’re not just numbers; they’re the compass guiding your strategy.” – Tracy Bech

“If you’re lying on your balance sheet, you’re lying to yourself. Transparency is everything.” – Tracy Bech