Jan 26, 2018
In episode 12 of Financially Simple, Justin talks about having the systems in place to track a small business's performance and success.
There are two main factors that looked at when it comes to selling a Business - the Financials, and Performance. Justin looks at each of these factors, breaking them down into their fundamentals, and how Business Owners can start keeping track of them to ensure the Business’s success and sale.
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00:44 - Which Way did He go?
02:33 - Which Way are You Headed?
03:20 - Factors that drive a Business Sale
05:12 - Putting Systems in Place
08:29 - Financials
09:08 - What is a Balance Sheet?
10:05 - Why does a Balance Sheet matter?
13:57 - Operating Statements
15:20 - Net Profit Margin Ratio
16:45 - Return on Investment Ratio
18:29 - Inventory Value Ratio
20:31 - Benefits of Ratio Analysis
21:14 - Key Performance Indicators
24:07 - How to find KPIs
27:37 -Reap the Rewards
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pick up a copy of Justin's new book: The Ultimate
Financially Simple – https://financiallysimple.com
Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.