Running an online business can be crazy hectic.
So much so that it often doesn’t feel like you can address all the needs of your business quickly enough. One of the first things online entrepreneurs neglect on that list of to-do items is their finances. Why?
Because if you’re generating revenue, the numbers will work themselves out…right?
Wrong! The numbers for a small business are just as important as the numbers for a huge corporation, and there are so many reasons why you need to have a grip on your financial picture no matter what size you are.
That’s why in this episode, we discuss:
Why most entrepreneurs neglect their numbers
How financial tracking can make tax time easy or a nightmare
Why every decision you make will ultimately affect your financial reports
Why profitability is important to track from the very start
Why even very small businesses need to track their numbers
Why knowing your numbers can free you up to grow more quickly