Welcome to a new episode of The Founder Podcast! In this episode, we dive deep into understanding the financials of your business, focusing on building an income statement and conducting a break even analysis. Learn how to effectively assess your sales, costs, and margins to ensure your business is scalable and profitable.

https://nextlevelhomepros.com/june25thworkshop 

Highlights:

"Not understanding the financials of your business could be costing you millions."

"There’s the traditional way to look at it with GAAP accounting principles, and then there’s the business owner way."

"Every dollar collected would mean 45 cents to the bottom line once you're breaking even."

"For every dollar I spend on marketing, it's going to equal $40 in revenue."

Timestamps:

00:00 - Introduction

01:30 - Importance of Understanding Financials

03:45 - Basics of an Income Statement

05:20 - Understanding Sales and Cost of Goods Sold

08:00 - Gross Profit and Gross Margin Explained

10:00 - Calculating Cost of Acquisition (CAC)

13:30 - Breakeven Analysis Breakdown

17:50 - Scaling Your Business Effectively

20:30 - Impact of Fixed Costs on Breakeven

24:00 - Workshop Announcement and Closing Remarks

Looking to scale your business? Want to learn directly from the same team that helped me sell my last business for 9 figures? Click this link below to check out how you can work with us.

https://nextlevelhomepros.com/grow-home-service-vsl 

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