))
Ep. 028 Fireside Chat: Making Sense of Accounting Metrics through Profit Measurement
Gearchiveerde serie ("Inactieve feed" status)
When?
This feed was archived on September 29, 2024 18:09 (
Why? Inactieve feed status. Onze servers konden geen geldige podcast feed ononderbroken ophalen.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 365156648 series 3383605
Inhoud geleverd door Business Breaks - All Things Business and Dante Healy. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Business Breaks - All Things Business and Dante Healy of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
Episode Summary:
- Importance of Cash Flow and Profits
- A company can fail even if profitable without cash flow
- Fast-growing companies need to pay attention to finance and avoid bankruptcy
- Understanding customer profiles and behaviors is crucial for profits
- Risk management considerations for complex contractual arrangements
- Communication plays a vital role in financial decision making
- Maximizing gross profit is easier to understand than accounting metrics
- EBITDA and depreciation figures have pros and cons
- Managing Money
- Profits shouldn't be the only financial indicator
- Sustaining losses without profits leads to running out of money
- Pay attention to profits and the balance sheet to ensure enough cash for certain time periods
- John Byrne's personal company is healthy because he takes the money out as salary
- Measuring Profit Margins
- Gross profit margin, net profit margin, and operating profit are important indicators
- Understanding expenses and making changes can increase profitability
- Taking on Big Customers
- Small suppliers can fall into bad situations with big customers
- Maintaining a healthy profit margin is important when taking on big customers
- Dependence on one or two big customers can hurt a company
- Simplifying financial goals into three types of money: revenue, gross profit, and net profit
- Focus on maximizing gross profit to increase net profit
Support the show
Please like, subscribe, leave a review and consider supporting the channel at zero cost or no extra cost to yourself by getting the best tools on the market in their niche:
- Your feedback is vital to improving the show! Please take a few minutes to complete our survey and help to make Business Breaks even better:
Business Breaks - Listener Survey Form
- Subscribe to the email newsletter to receive regular updates and exclusive insights:
Business Breaks Podcast community
- Buy me a coffee (to get a mention on the show):
https://www.buymeacoffee.com/dantehealy
- Our list of affiliate partnership deals:
https://businessbreaks.club/brand.html
https://businessbreaks.club/brand.html
- For podcast fans who are seeking an enhanced audio experience as well as the opportunity to engage with your favorite podcast hosts:
https://hi.switchy.io/podopolo
https://hi.switchy.io/podopolo
63 afleveringen
Delen
