Business Tip #2 Financial Foundation from Strategic Landscaper In this business tip we are discussing how to create a solid financial foundation by knowing your numbers something many contractors and business owners avoid for various reasons. Knowing your financials is one of the most important fundamentals in managing your business and in this post we share with you how to go about it. For a more information, downloads, podcast & more go to: http://strategiclandscaper.com/business-tip/business-tip-2-financial-foundation/

2. Business Tip #2
2Business Tip #2- Financial Foundation
Financial Foundation
StrategicLandscaper.Com
Presented by: Matt Hudson

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Know Your Numbers
Business Tip #2- Financial Foundation

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Know Your Numbers
Not Just Your Balance
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#’s = Power
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#’s = Success
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#’s = Success
(information you cannot afford to miss)
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Industry & Market Leaders
Know Their Financials
Inside & Out
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Knowing Your Numbers Is
A Competitive Advantage
(your competition knows their numbers)
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Create Your System
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Create Your System
1. Choose Your Software
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Create Your System
2. Complete Your Annual Budget
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Create Your System
2. Complete Your Annual Budget
Update Monthly – Quarterly
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Create Your System
2. Complete Your Annual Budget
Update Monthly – Quarterly
Use For Estimating
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Create Your System
3. Track All Expenses
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Create Your System
3. Track All Expenses
Field Reports - Labor
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Create Your System
3. Track All Expenses
Field Reports - Labor
Receipts
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Create Your System
4. Profit & Loss Statements
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Create Your System
4. Profit & Loss Statements
Project / Account Review
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Create Your System
4. Profit & Loss Statements
Project / Account Review
After Each Job / Monthly
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Create Your System
4. Profit & Loss Statements
Company Review
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Create Your System
4. Profit & Loss Statements
Company Review
Monthly - Quarterly
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Summary
Those Who Know Their Numbers Win!
It’s FREE. It Only Requires Discipline
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Action Steps:
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Action Steps:
1. Make The Commitment; know your numbers
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Action Steps:
1. Make The Commitment; know your numbers
2. Create Your System; always tweaking
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Action Steps:
1. Make The Commitment; know your numbers
2. Create Your System; always tweaking
3. Track All Expenses; receipts, labor, etc.
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Action Steps:
1. Make The Commitment; know your numbers
2. Create Your System; always tweaking
3. Track All Expenses; receipts, labor, etc.
4. Analyze Frequently; both job/account & company P&L
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Action Steps:
1. Make The Commitment; know your numbers
2. Create Your System; always tweaking
3. Track All Expenses; receipts, labor, etc.
4. Analyze Frequently; both job/account & company P&L
5. Adjust Your Business For Success
Business Tip #2- Financial Foundation

30. Be On The Lookout For:
Part 3- Marketing Strategies
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