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How to Spot Money Leaks and Boost Your Bottom Line with Colin Sanburg
In this episode of the "Cash and Sass" podcast, Lisa Marie, the "sassy wealth queen" and founder of Sassy Wealth Coach, chats with Colin Sanburg, a multi-business owner and founder of Fin Elevate. We dive into simplifying small business finance, focusing on understanding financial statements like profit and loss (P&L) and cash flow. Colin breaks down complex financial data into digestible parts and emphasizes the importance of key performance indicators (KPIs) for business owners, especially in service-based industries. We also discuss the significance of time tracking, managing inventory, and making strategic hiring decisions.
- Understanding the complexity of financial statements, particularly profit and loss (P&L) statements and cash flow.
- The importance of breaking down financial data into simpler, more digestible components.
- Differentiating between P&L statements and cash flow statements for better financial insight.
- Introducing a "simple profit formula" to categorize P&L statements into key areas.
- Identifying and tracking core key performance indicators (KPIs) for service-based businesses.
- The significance of time tracking for optimizing operations and improving efficiency.
- The role of technology and artificial intelligence (AI) in enhancing business productivity.
- Managing inventory and costs to prevent cash flow issues.
- Making strategic hiring decisions and understanding the implications for business scalability.
Reach out to Colin Sanburg:
Links:
www.finelevate.com
https://www.linkedin.com/in/colinsanburg/
https://www.facebook.com/the.finelevate/
https://www.instagram.com/the.finelevate/
https://www.linkedin.com/company/finelevate/about/
Ready to write a new money story? Book a Wealth Creation Call HERE
Please share, subscribe, and review our show. Doing so helps others who need this information find it and benefit from these empowering and sassy convos about money.
Founder of Transcendent Wealth Co. LLC
https://transcendentwealthco.com/
- - - - - - - -
Facebook: https://www.facebook.com/TheSassywealthcoach
Instagram: https://www.instagram.com/TheSassywealthcoach
Linkedin: https://www.linkedin.com/in/TheSassywealthcoach
View all episodes
In this episode of the "Cash and Sass" podcast, Lisa Marie, the "sassy wealth queen" and founder of Sassy Wealth Coach, chats with Colin Sanburg, a multi-business owner and founder of Fin Elevate. We dive into simplifying small business finance, focusing on understanding financial statements like profit and loss (P&L) and cash flow. Colin breaks down complex financial data into digestible parts and emphasizes the importance of key performance indicators (KPIs) for business owners, especially in service-based industries. We also discuss the significance of time tracking, managing inventory, and making strategic hiring decisions.
- Understanding the complexity of financial statements, particularly profit and loss (P&L) statements and cash flow.
- The importance of breaking down financial data into simpler, more digestible components.
- Differentiating between P&L statements and cash flow statements for better financial insight.
- Introducing a "simple profit formula" to categorize P&L statements into key areas.
- Identifying and tracking core key performance indicators (KPIs) for service-based businesses.
- The significance of time tracking for optimizing operations and improving efficiency.
- The role of technology and artificial intelligence (AI) in enhancing business productivity.
- Managing inventory and costs to prevent cash flow issues.
- Making strategic hiring decisions and understanding the implications for business scalability.
Reach out to Colin Sanburg:
Links:
www.finelevate.com
https://www.linkedin.com/in/colinsanburg/
https://www.facebook.com/the.finelevate/
https://www.instagram.com/the.finelevate/
https://www.linkedin.com/company/finelevate/about/
Ready to write a new money story? Book a Wealth Creation Call HERE
Please share, subscribe, and review our show. Doing so helps others who need this information find it and benefit from these empowering and sassy convos about money.
Founder of Transcendent Wealth Co. LLC
https://transcendentwealthco.com/
- - - - - - - -
Facebook: https://www.facebook.com/TheSassywealthcoach
Instagram: https://www.instagram.com/TheSassywealthcoach
Linkedin: https://www.linkedin.com/in/TheSassywealthcoach