In this episode, Jason Treadwell, founder of Treadwell Consulting Group, emphasizes the importance of conducting regular financial checkups for small businesses. He advocates quarterly reviews to analyze revenue, costs, and trends. He stresses that financial management should be proactive, not just a compliance task. Treadwell warns against reactive financial decision-making and highlights how leveraging financial data can play a key role in strategic planning, especially for businesses facing inflation and skill shortages.
Treadwell also addresses the common pitfalls founders encounter, such as focusing too much on big-picture goals without considering critical financial details. He advises business owners to optimize their revenue drivers and prepare for future growth by using financial data effectively. Proactively managing cash flow and planning for tax implications, rather than waiting until year-end, is crucial for long-term success. The discussion underscores the need for small businesses to align their financial strategies with their overall business goals to navigate economic challenges and drive sustainable growth.
Reach out to Jason Treadwell by calling 773-569-1982 or visit TreadwellConsultinggroup.com
For more information on Elite Benefits of America, contact Butch at 708-535-3006 or visit EliteBenefits.net
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