As a business owner do you know your numbers?

In today's Better Wealth, I had the privilege of interviewing Tim Francis, CEO of the company called Profit Factory, a company dedicated to helping parents know their internals numbers. Tim shares his story of the humbling experience of being broke and unable to walk. Listen as his whole world changed to the idea of truth and mastery in the pursuit of entrepreneurship. Tim shares the difficulty of having a successful business that never kept any money, and his journey of discovering how to truly understand the numbers and keep his success.  Knowing numbers is not completely only about math and equations, but rather the ability really to make decisions. Being a business that doesn’t know your numbers is a dangerous place. Tim discusses the biggest problem for entrepreneurs is chasing the next shiny object yet not internally knowing what is going on with their business. Knowing your numbers is the process of prioritizing and making decisions. Listen as Tim shares authentically his passion behind developing truly successful companies that are making money, keeping money, prioritizing, and making good decisions! Check out more about Profit Factory: Know Your Number’s Workshop!

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Guest Bio: 

Tim Francis is the Founder of Profit Factory and is based in Austin, TX.  Tim teaches the Know Your Numbers workshop, which helps Entrepreneurs who hate Accounting to get their Financials under control. Tim draws from years of experience doing private consulting where he’s helped find millions in profit for clients, and also from his role participating in over 140 Board meetings. Tim is also the Founder of Great Assistant, a team which has helped hire over 300 Executive Assistants for Entrepreneurs across the US and Canada.   Tim’s been a guest lecturer at NYU in New York City, and has appeared on the websites of Forbes and Inc magazine.  Tim is the inventor of The 5 Levels of 80/20 and co-presented The 80/20 Summit with Perry Marshall in both 2016 and 2017.

Guest Links: 

Profit Factory: Know Your Number’s Workshop

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