Importance of Regularly Reviewing Business Goals

Key Takeaways:

1. Conducting a thorough mid-year fiscal review can highlight whether a business is on track with budget goals.
2. Fear of numbers often hinders business owners from facing their financial reality, which can impede growth.
3. Financial statements shouldn't just be for tax purposes; they are crucial for informing decisions and strategies aimed at business expansion.
4. Effective financial planning involves the entire team, indicating that success is not a solo endeavor.
5. Regular financial check-ins can direct business owners toward aligned action rather than unproductive busywork.
   
   

Chapters:

Timestamp Summary

0:05 Investment Strategies and Mid-May Musings with Experts

1:27 Strategies for Business Owners to Meet Financial Goals

3:59 Maximizing Earnings Through Aligned Action and Teamwork

5:00 Growing Your Business by Regular Financial Check-Ins

6:21 Investment Strategies and the Risk of Future Performance

 

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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.