Six Figure Owners: Stop Leaving Money On The Table With This One Simple Tool
How many of you reading this have ever said the phrase, “I’m just not a numbers person”?
*Inserts raised hand here*
The problem is, as a business owner, you kind of have to be a numbers person or you’re missing out on financial opportunities. You have to know metrics like leads, conversions, and client retention. You need to know income, expenses, profit margins, employee expenses….and the list goes on and on.
As a financial expert, I’m here to teach you exactly how to stop leaving money on the table by learning what metrics you should be tracking each year. Plus, I’m sharing my tried-and-true resource to bring you data clarity in the simplest way possible.
The Problem: Data Overwhelm
The reality is, most business owners end up in an endless cycle of trying to track the numbers they know are important but not really understanding what they mean or what they’re telling them (especially the financial ones!)
As an entrepreneur nearing the 100k mark you should easily be able to name:
Most profitable service (hint: it's not always what you think)
Progress to revenue goals
Monthly expense trends
Seasonality of sales (when is your best month and when is your worst)
And if you can’t, here is what you’re probably missing (these are what we commonly see are the red flags for businesses who are hitting 100k):
Underpriced services
Forgotten subscriptions
Misaligned marketing spend
Employee salaries eating up profit margins
These things cost our clients thousands, if not tens of thousands a year.
The Solution: Data Clarity
So, what if we took these numbers and put them in a format you DO know? A visual format to make it easy for you to identify trends.
Fun fact: Your brain processes visual information 60,000 times faster than text. Think about it - you don't read a spreadsheet while driving. You look, process, decide.
What if your business numbers worked the same way?
Imagine spotting:
Profit trends at a glance
Revenue patterns instantly
Expense red flags immediately
Growth opportunities visually
How To Stop Leaving Money On The Table
This is one of the adjustments that we created that allowed CBFS clients to bring on over 12 Million dollars in 2024.
Each one of our Trailblazer Clients has a custom build visual financial report they receive instead of the standard quickbooks report that specifically tracks metrics they want to focus on.
And after seeing the change that was made for our clients, we also designed a DIY resource that could be used with clients who are managing their own books but still want the visual data processing.
We've transformed this same visual system into a powerful DIY dashboard that lets you:
Monitor income, expenses, and profit instantly
Track transactions by category and month
Spot trends and opportunities at a glance
Make confident CEO decisions
The Best Part? It's Simple:
No expensive software needed
Built in Google's Looker Studio
Ready-to-use dashboards
Includes video training for quick setup
Easy Google Sheet integration
Ready to transform your numbers into visual gold and stop leaving money on the table?
Learn more about ProfitWay here: https://learn.christybowie.com/profitway-dashboard
The Profitway Dashboard
This digital dashboard makes it easier than ever to visualize your business finances, set financial goals, and stay on track. Bonus: no expensive software or numbers knowledge required.
More Resources To Stop Leaving Money On The Table:
Why Your Bank Balance Doesn’t Equal Your Business Profit (& What To Track Instead)
Year-End Tax Planning: The Ultimate Checklist For Badass Small Business Owners
Need More Help?
If you want personalized guidance on setting up your business finances, apply to work with me here. Let's make sure your business starts off on the right financial foot!
Disclaimer: While this guide provides valuable insights, it's important to note that every business has unique circumstances. For personalized advice tailored to your specific situation, please consult with a qualified tax professional. Our goal at CBFS is to empower you to make informed decisions that support your business growth and personal wealth-building objectives.
Disclaimer: Some of the links in this post may contain affiliate links that will provide compensation.
Disclaimer: AI may have been used to help create, enhance, or review this content. All relevant financial information has been reviewed by a licensed financial professional.
