The Profit Plot

A budget is often an afterthought in running your business. It's a stale document that collects dust and only gets updated once per year. But what if the budget you've tossed to the wayside could be used to scale your business and achieve your goals?

In this episode of The Profit Plot, host Jeremy Millar demystifies strategic budgeting, an essential tool for aligning your financial plan with your business goals. Through exploring its advantages, implementation steps, role in business growth, overcoming common challenges, and valuable tools, Jeremy guides small business owners towards more proactive and informed decision-making to unlock their business's financial potential.

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🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

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A fractional CFO can be a game-changing hire for a small business owner. Fractional CFOs allow you to redirect your energy away from your business's finance and focus instead on growing your business. These essential service providers can be cheaper than a full-time executive while still delivering immense value.

In today's episode, Jeremy walks through the basics of what to look for in a Fractional CFO for small business owners who are looking to grow. Together, we'll walk through basic topics like the role a CFO can play in your business, how to get the most out of your relationship with your Fractional CFO, and the areas of focus your CFO may choose to spend their time.

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🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

📧 Want more episodes of the Profit Plot sent to your inbox? Sign up for our free newsletter: https://view.flodesk.com/pages/647fb5f380b41008f5634f46

When managing cash flow, most business owners check their Chase app every morning to ensure they still have money. Cash flow management is an essential component of running your small business. Without properly managing your money as a business owner, you run the risk of defaulting on loans, not being able to run payroll, and bankrupting your business. Luckily, cash flow management is an incredibly accessible practice!

In today's episode, Jeremy walks through the basics of cash flow management for small business owners. Together, we'll answer basic questions like, what is cash flow management? How can I manage my business's cash easily? We'll unpack the best practices for managing your cash flow and how you can implement safeguards to protect your business along the way.

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🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

📧 Want more episodes of the Profit Plot sent to your inbox? Sign up for our free newsletter: https://view.flodesk.com/pages/647fb5f380b41008f5634f46

If you could tell the future, would it change how you make business decisions? That's what financial forecasting is for: to model scenarios and help paint a picture of the future. When done correctly, financial forecasting can help you unlock an edge in your business that is unlike any other. One that allows you to be confident in your plans moving forward, in the decisions that you're making, and in your business itself.

On today's episode, Jeremy walks through the basics of financial forecasting, what it means for small business owners, and more. We'll answer basic questions like, what is financial forecasting? How can I create a financial forecast? What should I look for when forecasting my business's financial position?

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🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

📧 Want more episodes of the Profit Plot sent to your inbox? Sign up for our free newsletter: https://view.flodesk.com/pages/647fb5f380b41008f5634f46

Proft and Loss. Balance Sheet. Statement of Cash Flows. These statements illicit anxiety and fear in some entrepreneurs while bringing confidence and clarity to others. Your financial statements are vital documents that uniquely illustrate your business's story! Understanding and analyzing these statements is a critical component of building a successful business.

In today's episode of the Profit Plot, we'll discuss the key financial statements you should be looking at, how to read them, and what insights you can uncover when reviewing them often. If you want to unlock your business's financial story, your financial statements are where you must look to first.

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🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

📧 Want more episodes of the Profit Plot sent to your inbox? Sign up for our free newsletter: https://view.flodesk.com/pages/647fb5f380b41008f5634f46

There are many types of business coaches. Some focus on C-Suite or Executive level coaching, many focus on mindset, and still others choose to focus their coaching efforts on the business as a whole. The most effective coaches leverage data and information from the business itself in order to deeply understand the story within.

On today's episode of the profit plot, we're discussing Financial Coaching. What is a financial coach, and how can one help your business grow? Working with a Financial Coach in your business can allow you to build a truly robust and effective system for translating and communicating financial data. With the right help, you can turn your data into actionable insights that ultimately help you grow.

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🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

📧 Want more episodes of the Profit Plot sent to your inbox? Sign up for our free newsletter: https://view.flodesk.com/pages/647fb5f380b41008f5634f46

Business finance feels like an ethereal topic to most entrepreneurs. It's complex and confusing, and at the same time, incredibly important. Your understanding of your small business's finances is directly related to the overall success of your business. Without in-depth knowledge of your company's numbers, you're stuck on a quest for success without a map.

In today's episode, Jeremy walks through the basics of business finance for small business owners. We'll answer basic questions together like, what is business finance? Why is financial control important for small business owners? We'll also discuss some best practices for financial management.

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🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

📧 Want more episodes of the Profit Plot sent to your inbox? Sign up for our free newsletter: https://view.flodesk.com/pages/647fb5f380b41008f5634f46