Your Business on Purpose

E87: Tracking Expenses for Profitability: Make Friends with your Numbers


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If you're feeling overwhelmed by the lack of profitability and financial stability in your business, despite tracking expenses and using accounting programs, then you are not alone!

In this episode, you will be able to:

  • Boost your business's financial health with these strategies.

  • Uncover the power of tracking expenses for smarter decisions.

  • Get involved in financial matters to secure your business's future.

  • Slash unnecessary expenses and watch your profitability soar.

  • Take charge of your finances for a financially robust business.

  • Stay Involved in Finances
    Maintaining involvement in your business's finances is a must for any business owner. Regularly reviewing the company's financial state can help prevent potential issues such as embezzlement. By doing so, you're not just making money but keeping it, which is the first step towards profitability.

    The resources mentioned in this episode are:

    • Leave a review on Apple Podcasts

    • QuickBooks or an accounting program for tracking expenses

    • Detailed spreadsheet or pen and paper for tracking expenses

    • Set a date to review financial numbers

    • Tune in to the next episode (Episode 89) for the next step in financial health and profitability in your business

    • Let's get uncomfortable, or let's get comfortable with the uncomfortable. Right. Let's make looking at our numbers comfortable.

      ...more
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      Your Business on PurposeBy Dawnette Palmore