
In this episode of Nail the Numbers, I emphasize the critical importance of understanding your numbers for business success. I discuss the three main areas: cash flow management, boosting profitability, and making informed financial decisions. Takeaways: ✅ Knowing your numbers is critical to the success of your business. ✅ Cash flow management is essential, even if it's not enjoyable. ✅ Revenue is important, but net profit is what truly matters. ✅ You need to track your expenses and job costs regularly. ✅ Make informed financial decisions based on accurate data. ✅ Having multiple bank accounts can simplify cash flow management. ✅ Regularly review your pricing to ensure profitability. #homeservicebusiness #bookkeeping #moneymanagement #hvac #profitfirst #businessowner #hvacservice