Every session will provide a list of the Big Ideas that you can take away from the audio or video content. This is not an exhaustive list of ideas, so remember to take your own notes!
Most people do not like the ‘b’ word in finances–Budgeting!
Every industry has economica cycles–ups and downs in the amount of work available. Systems help you level out those peaks and valleys.
The peaks and valleys of Rocky-Mountain-like business look nice; but in finances, it’s better to have the rolling hills of Iowa.
If you don’t have a healthy gross profit, you won’t have a healthy net profit.
We want to be at least over 41% gross profit margin, but it’s preferable to be over 50% gross margin.
Every dollar after gross profit, is money you’re taking out of your pocket.
Just because something qualifies as a deductible, does NOT mean you should buy it.
There is a place in business that may require you to borrow money. Do this in a smart way. Do it for the right reasons, borrow as little money as possible, and aim to pay off new debt in a year.
Once you make a budget for the year, you’ll need to make monthly budgets.
