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How We Measure (and ensure) Our Financial Success
Manage episode 278678891 series 2719840
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It's Black Friday, when many businesses traditionally look at their books in hopes of watching their numbers go from red to black. With this in mind, we're talking about financial success at Durango Joes, and what we do to keep our finances healthy.
From weekly Cash Flow Statements and P&L Statements to monthly Balance sheets, knowledge really is power when it comes to controlling the financial future of your business. We talk about these, and the different metrics that every business leader should learn and understand for the success of their business.
Key Takeaways:
- Knowledge is power. If you don't know what's going on with your finances, you can't make informed decisions.
- Cash flow is king. Doing whatever you can to ensure a positive cash flow will bring you peace of mind.
- Know your expenses, both fixed and variable.
- The keys to a healthy cashflow are your leadership, location, efficiency, training, debt management, emergency & opportunity funds, and your ability to bring a smile and great attitude to the work you do.
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Learn more about Durango Joes at www.durangojoes.com.
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The Durango Joes Podcast is co-hosted by Joe Loyd, CEO of Durango Joes Coffee, and Trevor Ogborn, Owner of BRWD Up. Episodes are prepared, recorded, and edited by Trevor Ogborn.
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