How to Master the Art of Profit That Will Help You Win Your Financial Game
It is the last Monday of January. For many entrepreneurs, this is a wake-up call. You might feel successful because your calendar is full. However, do you actually know if you made money this month?
Many business owners make the mistake of checking their bank balance to measure success. Checking your bank balance does not count for profitability. If you want to end January strong, you must look deeper than your ATM receipt. Jade Baranski, the Founder of Rise and Rally, often reminds her clients that being busy is not the same as being profitable.
Why Your Profit Is An Art Form
In this "Rebel Reads," we are diving back into Financial Intelligence by Berman and Knight. This is not a boring accounting textbook. It is a practical guide for people who actually run things. Most people believe math is objective.
Berman and Knight argue that finance is actually an art. This is because profit, depreciation, and even revenue rely on assumptions. There are estimates hidden in every number you see. If you do not understand the art behind your Profit and Loss (P&L) statement, you are not in control.
The Difference Between Cash And Profit
You cannot lead your business if you are just a passenger. Having high financial intelligence means knowing the difference between your cash and your profit. Understanding this prevents the "broke on paper" trap.
A great month on paper can still leave you with an empty bank account. You must understand how your margins work to avoid future disaster. Rebels crave freedom, but you cannot have freedom without financial literacy. You have to be able to read your own scoreboard to win your game. If you are ready to stop guessing and want to see if you qualify to work with us at a higher level, fill out this form to see if you are a good fit for our business intensive.
How To Take Control Of Your Margins
You need to be honest with yourself about your habits. Most entrepreneurs do not check their reports often enough. To get your margins right for February, follow these three steps:
Pick up a copy of Financial Intelligence to understand the basics.
Schedule a weekly "Scoreboard Review" to check your actual reports.
Distinguish your assumptions from your hard cash data.
If you are ready to stop guessing and start scaling with precision, book an alignment call with our team today. We help you move from being a passenger to being a high-performance leader who truly owns the numbers.
Stop being a passenger in your own company and check out Financial Intelligence by Karen Berman and Joe Knight. Real rebels own their numbers so they can own their future. Let us make February the month where your profitability matches your passion.