Three Financial Formulas Every Business Owner Should Know

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The Profit Plot

Amarlo

17 episodes

9 months ago

Welcome to the Profit Plot, the show where we unpack and simplify one complex financial topic at a time. This show, hosted by Jeremy Millar, helps service-based business owners and entrepreneurs unlock the story behind their profitable businesses.

All content for The Profit Plot is the property of Amarlo and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Entrepreneurship

Business,

Management

Three Financial Formulas Every Business Owner Should Know

The Profit Plot

12 minutes

2 years ago

Three Financial Formulas Every Business Owner Should Know

How do you improve a struggling business or grow an already successful one? There are so many ways to track your business's performance, but how do you know what's the right way? You need to measure and manage the right data points using the right method.

Explore the often-misunderstood mantra, "What gets measured gets managed," and discover its potential pitfalls. Host Jeremy Millar reveals three crucial financial metrics—Current Ratio, Gross Profit Margin, and Return on Investment—that every business owner should understand but use judiciously. These metrics aren't just numbers; they're stories that can guide or mislead the health of your business.

🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

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