business tip #2 financial foundation from strategic landscaper
TRANSCRIPT
Business Tip #2
2Business Tip #2- Financial Foundation
Financial Foundation
StrategicLandscaper.Com
Presented by: Matt Hudson
Part 2- Financial Foundation
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Know Your Numbers
Business Tip #2- Financial Foundation
Part 2- Financial Foundation
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Know Your Numbers
Not Just Your BalanceBusiness Tip #2- Financial Foundation
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#’s = Power
Business Tip #2- Financial Foundation
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#’s = Success
Business Tip #2- Financial Foundation
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#’s = Success(information you cannot afford to miss)
Business Tip #2- Financial Foundation
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Industry & Market Leaders
Know Their Financials
Inside & OutBusiness Tip #2- Financial Foundation
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Knowing Your Numbers Is
A Competitive Advantage
(your competition knows their numbers)
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Create Your System
Business Tip #2- Financial Foundation
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Create Your System
1. Choose Your Software
Business Tip #2- Financial Foundation
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Create Your System
2. Complete Your Annual Budget
Business Tip #2- Financial Foundation
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Create Your System
2. Complete Your Annual Budget
Update Monthly – Quarterly
Business Tip #2- Financial Foundation
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Create Your System
2. Complete Your Annual Budget
Update Monthly – QuarterlyUse For Estimating
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Create Your System
3. Track All Expenses
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Create Your System
3. Track All Expenses
Field Reports - Labor
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Create Your System
3. Track All Expenses
Field Reports - LaborReceipts
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Create Your System
4. Profit & Loss Statements
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Create Your System
4. Profit & Loss Statements
Project / Account Review
Business Tip #2- Financial Foundation
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Create Your System
4. Profit & Loss Statements
Project / Account ReviewAfter Each Job / Monthly
Business Tip #2- Financial Foundation
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Create Your System
4. Profit & Loss Statements
Company Review
Business Tip #2- Financial Foundation
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Create Your System
4. Profit & Loss Statements
Company ReviewMonthly - Quarterly
Business Tip #2- Financial Foundation
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Summary
Those Who Know Their Numbers Win!
It’s FREE. It Only Requires Discipline
Business Tip #2- Financial Foundation
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Action Steps:
Business Tip #2- Financial Foundation
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Action Steps: 1. Make The Commitment; know your numbers
Business Tip #2- Financial Foundation
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Action Steps: 1. Make The Commitment; know your numbers
2. Create Your System; always tweaking
Business Tip #2- Financial Foundation
Part 2- Financial Foundation
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Action Steps: 1. Make The Commitment; know your numbers
2. Create Your System; always tweaking
3. Track All Expenses; receipts, labor, etc.
Business Tip #2- Financial Foundation
Part 2- Financial Foundation
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Action Steps: 1. Make The Commitment; know your numbers
2. Create Your System; always tweaking
3. Track All Expenses; receipts, labor, etc.
4. Analyze Frequently; both job/account & company P&L
Business Tip #2- Financial Foundation
Part 2- Financial Foundation
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Action Steps: 1. Make The Commitment; know your numbers
2. Create Your System; always tweaking
3. Track All Expenses; receipts, labor, etc.
4. Analyze Frequently; both job/account & company P&L
5. Adjust Your Business For SuccessBusiness Tip #2- Financial Foundation
Be On The Lookout For:
Part 3- Marketing Strategies
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