Take Charge of Your Finances by Knowing Your Numbers
Manage episode 445260188 series 3527345
Understanding your numbers is the cornerstone of a profitable business. This episode breaks down how business owners can identify their most profitable revenue streams, implement recurring income strategies, and optimize service packages for long-term success. It also covers reducing costs by managing overhead, cutting unnecessary subscriptions, and improving labor efficiency. Join host Adam Sylvester and Tyler Martin, of Think Business with Tyler.
[00:00] Introduction to the podcast and guest
[01:00] The true meaning of “knowing your numbers”
[02:40] Identifying profitable revenue streams and avoiding distractions
[03:50] The value of recurring revenue in building business stability
[05:10] Structuring service packages and managing their logistics
[07:12] Using the reporting features in Jobber to understand your numbers
[07:53] Leveraging data to identify early trends and potential issues with your business
[10:54] Reducing costs, with a focus on optimizing ad spend, reviewing overhead, and cutting excess subscriptions
[17:02] Strategies for labor efficiency and avoiding unnecessary costs
[20:06] Adam’s Key Takeaways: Correct service area, cancel unused subscriptions, have good data
60 episode