Strategy Meets Finance

3 Finance Skills That Separate Successful Leaders from the Rest | Ep 190

5 snips
Oct 6, 2025
Unlock the mysteries of finance with three key skills that can transform your business. Discover the power of unit economics and how breaking down your revenue can clarify volume versus pricing issues. Learn why monitoring cash flow is crucial, as profitable companies can still struggle without it. Dive into the four profit and cash flow levers that can significantly impact your bottom line. These insights will not only boost your financial literacy but also enhance your leadership credibility.
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INSIGHT

Think In Unit Economics

  • Unit economics break revenue into actionable building blocks like orders × average order value.
  • Disaggregating reveals whether to fix price or increase customer volume.
ANECDOTE

Landscaping Example For Unit Math

  • Steve uses a landscaping example: average contract value × number of contracts equals revenue.
  • He shows unit economics apply across industries, not just restaurants.
ADVICE

Treat Cashflow As Movement, Not Balance

  • Track cashflow as amounts going in and out, not just your bank balance.
  • Calculate free cashflow and monitor receivables, payables, inventory, and CapEx to avoid running out of cash.
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