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Financially Simple Bizcast


The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more.
Host Justin Goodbread is a serial entrepreneur, award-winning CFP® (Certified Financial Planning professional), CEPA® (Certified Exit Planning Advisor), and CVGA® (Certified Value Growth Advisor) with years of experience guiding business owners from start to exit in their business.

Apr 26, 2018

To effectively run a business there are a number of systems and workflows that should be implemented from the beginning, to ensure smooth business processes, and avoid headaches later on! Justin briefly goes over each of the various systems and explains the what and why.

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 ARTICLE TRANSCRIPT:https://financiallysimple.com/workflows-systems-essential-ways-to-improve-business-efficiency/

 

TIME INDEX:

00:30 - What are the basic systems that I need in my Start-Up business?

00:59 - Accounting

04:54 - Balance Sheets

08:32 - Operating Statements

11:08 - The Net Profit Margin Ratio

12:35 - Return On Investment Ratio

14:17 - Inventory to Sales Ratio

17:02 - KPI

20:23 - How do we find these KPIs?

23:55 - Workflows

32:26 - Signing Off

 

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Financially Simple podcasts are recorded on:

Samsung notebook: https://amzn.to/2EvYu3P

Yeti Blue Microphone: https://amzn.to/2VB6V7x

 

DISCLAIMER:

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.