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Why You Should Know Your Numbers

Cowgirl Jo • June 5, 2021

Make empowered decisions

We empower business owners to make bold confident decisions thru simple sexy bookkeeping. There are many different ways this happens but I am going to share a recent happening with you. One of my clients, we are going to call him John has been in business for 12 years with this particular business. When I came on board his only method of bookkeeping was a pen and paper. Numerous bills were paid from the cash register and what ever moneys were left in the cash register at the end of the day was seen as the gross revenue. I learned his system and took him to the world of QuickBooks, reports and excel spread sheets. We also introduced a POS system about a year after I took his books digital. As time progressed and he continued to get a better understanding of his numbers, we started seeing growth in the profit. It was small growth but it was growth. You see the POS system kept track of every penny that came in or went out. We knew how much was being given in discounts and what was being paid out of the drawer each day. Enter Covid shutdown and the need to get real savvy with business if one wanted to stay in business, especially in the hospitality and restaurant industry. Having all his numbers in front him empowered John to know where he could cut staff and how to be efficient with the help he had. As John continued understanding his numbers and making smart confident decisions based from them, the bottom line continued to keep growing. John was able to walk his business thru a pandemic with confidence. While his gross revenue numbers were lower he was able to keep his profits the same and even higher some weeks. U see the power of knowing and understanding your business numbers is monumental in leading your business with confidence. I truly am so honored to get to walk alongside business owners and empower them to make those confident decisions thru simple sexy bookkeeping.

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