Building It Online Podcast

5 Numbers You Need to Know to Run A Successful Business


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When you begin running an online business, all you need to know for finances is that you're earning more money than you're spending, right? 

Maybe to start, but not to grow...

Both Brice & Mike used to think this as well but quickly realized that having a more complete understanding of these 5 critical business metrics gives you a lot of power and stability in how your business operates. 

In this episode, Brice & Mike will cover the following: 

  1. The concept of saving more vs. spending more
  2. How important is profitability
  3. What is revenue
  4. Expenses & liabilities
  5. Cash flow
  6. Customer lifetime value
  7. Tracking metrics for maximum use

Our goal in this episode is to give you a head start on starting your online business, but accurately tracking 5 key metrics that will enable your business to run longer and more stable than some of your competitors. 

Contact Brice & Mike here:
Major Impact Media (Brice) - Facebook, Website
Outside ROI (Mike) - Facebook, Website

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Building It Online PodcastBy Mike Sebastian & Brice Gump