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#8 - It's Not Always What You Think It Is
Manage episode 446469290 series 3593169
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Are you confident in your business’s financial health? In today’s insightful episode of the Conquering Constraints podcast, host Kelly Stacey explores the crucial yet often overlooked aspect of understanding your business’s finances. She emphasizes that early successes can mask deeper issues, encouraging entrepreneurs to slow down and build a strong foundation. She also discusses the advantages of working with experienced financial professionals and keeping a balanced approach across sales channels to minimize risk. So whether you're just starting out or have years of experience, this episode will motivate you to rethink your financial strategy for lasting success.
Episode highlights:
(1:25) Early success can hide flaws in your business
(4:31) Risks of momentum masking business issues
(9:30) Numbers tell a story
(12:03) Diversifying sales channels and mitigating wholesale risks
(15:39) Practical advice for small businesses on managing finances effectively
(17:18) Outro
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