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#759 - Unlock Wealth Through Financial Fluency
Tropical MBA: Entrepreneurship & Founder Lifestyle
Measure and Monitor with Metrics
Maintaining separate sets of books for different aspects of a business, such as a boating company, is crucial to understand the true financial position. All cash flows and returns should be quantifiable and measurable. Setting associated metrics is essential in decision-making processes, ensuring that ideas are not just perceived as good but can be objectively analyzed for their success.
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