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 are looked at when it comes to selling a Business - the Financials, and Performance. Justin looks at these factors, breaks them down to their fundamentals, and explains 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
For more in-depth reading about this podcast series, pick up a copy of Justin's new book: The Ultimate Sale
Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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