MYB016: How well do you know your business?

This week’s key takeaway: How well do you know your business? - with Ben Fewtrell & David Carlin   Episode intro: It’s amazing how many business owners cannot tell you how profitable their business is. Are you one of those business owners?   Understanding your profit and projected profit should be the number one priority, but all too often, it isn’t. It doesn’t have to be this way! This week, Ben and David will take you through the simple things you can measure to help you remove yourself from the hamster wheel of the day-to-day, get on top of your business, and properly manage your company from the top down.    In this week’s episode you will learn:

• How to understand the basic numbers of your P & L
• The importance of projections
• How to lay the right foundations for your business
• Why net profit should never be your wages
• The meaning of a ‘leveraged result’
• How to think differently about being a business owner
• How to work ‘on’ your business rather than ‘in’

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