Description

Welcome back to Small Business School! Today, we’re diving into why understanding financial management matters more for your business than getting caught up in the nitty-gritty of accounting. You know me—I’m all about the numbers, but I want you to know where your skills as a business owner are best spent. Let’s clear up the difference between knowing your numbers and keeping your books to help you focus on what will truly make your business thrive!

Topics Covered:

• The difference between accounting (recording data) and financial management (making informed decisions).
• Why your time is better invested in learning financial management rather than day-to-day bookkeeping.
• Key financial metrics to understand, like cash flow, profitability, and margins.
• How hiring a reliable bookkeeper can free you to focus on growth.
• Tips for pushing your bookkeeper to use efficient systems and automation to cut down costs.

Understanding financial management doesn’t just protect your business—it fuels growth. Reach out with any questions, I’d love to help!

You should also listen to:
Ep. 134 - The 3 Profit Levers Episode
Ep. 153 - ‘Finding The Right Financial Advisor’

Staci's Links:
Instagram. Website.

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Head over to my website https://www.stacimillard.com/ to grab your FREE copy of my Profit Playbook and receive 30 innovative ways you can add more profit to your business AND the first step towards implementing these ideas in your business!