As the year comes to a close, it's time for some serious financial assessments.
Join Stephanie Postles and Albert Chou in this episode of Mission Daily as they delve into the key strategies for small business owners to end the year strong. From smart investment tips to essential financial assessments, they cover it all.
Whether you're looking to streamline your expenses, optimize your profits, or just get your financial ducks in a row, this episode is packed with practical advice and actionable tips.
Tune in and get ready to transform your financial approach as we head into the new year!
(00:00) Preview and Introduction
(01:07) Managing Expenses and Margins Effectively
(08:08) Payroll and Employee Management Strategies
(16:19) Assessing Employee Workload and Revenue Contribution
(19:24) Financial Runway and Emergency Fund Planning
(20:51) Strategies for Pre-Paying and Managing Profits
(26:51) Differences Between Tax Deductions and Credits
(34:15) End-of-Year Financial Strategies and Investment Tips
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