167: Is Your Business Financially Healthy? These Four Indicators Will Tell You So
Description
In today’s episode, I’m breaking down the four key metrics I use to assess a business’s health and ensure sustainable growth. From evaluating profit margins to tracking consistent lead generation, these insights will help you get a clear picture of where your business stands. I’ll also dive into how factors like industry differences can impact these numbers and what to consider when benchmarking your data. Tune in to make empowered, data-driven decisions for your business!💰What’s your next step to growing your business, profits, and wealth? Book your free Financial Health Assessment 1:1 with me to uncover your next step and take empowered action! http://trustyoungco.com/financialhealth
Resources mentioned:
Watch Episode 82: Increase your gross profit margin to boost your cash flow
In this episode, I cover:
0:00 Why a financial health check-in supports sustainable business growth
1:00 Metric #1: Overall Profit Margin
3:06 Metric #2: Calculating Gross Profit
4:53 Metric #3: Consistent Revenue & Lead Generation
6:30 Metric #4: Your Cash & Debt Balances
I’m Sarah Young - an entrepreneur, investor, and millionaire mentor for female founders! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, in addition to building my own successful agency, and I started the Profit + Prosper podcast to help you do the same.
Profit + Prosper will help you make more money, save more money, and set yourself up to retire early while upgrading your life - all in a way that’s fun and empowering. In each episode, I’ll share tactical, strategic, and mindset tips to grow your business, increase your profit, and truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!
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