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In this episode of the Friends in Business podcast, Ben Wright and Jemimah Ashleigh dive into the core financial metrics every business owner should understand — from interpreting profit and loss statements to identifying your safety bank balance and staying on top of sales performance. Ben offers clear, actionable insights and proven strategies to help you get a firm grip on your numbers, demonstrating how a data-driven approach can lead to more confident decisions and long-term growth.
Key Takeaways:
Time Stamps:
0:00 Intro
1:04 Noosa Animals
3:10 The Importance of Numbers
4:48 Profit and Loss
7:04 The Metric You Need To Know By Heart
7:56 Overheads To Run Your Business
10:16 Safety Bank Balance
11:39 Accessing Debtors and Payables
12:37 Sales Numbers
15:14 Possibility If You Don’t Know These Numbers
16:33 Recap
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No transcript available for this episode.