The reason most businesses fail to achieve the desired levels of success is not because of the product, price, promotion, or even the initiative or passion of the entrepreneur, but rather a failure to produce detailed and timely financial statements, goals (or a plan), and key performance indicators that align to the plan to reach “success.” In this episode we will tackle the first of five pillars key to building a foundation for scale, great financials. Having detailed and reliable financials is the #1 pillar all businesses owners should embrace. Great financials allow for transparency into your business. Where are you making money? What does your cash flow look like? Accurate financials provide the data and metrics on which to make sound business decisions. You will have a clear picture as to where your business currently is and what you will need to do to take it to the next level. If you don’t know where you are today, how do you ever get to where you want to be?
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