Founders scaling past rapid growth need to stop relying on gut decisions and start tracking gross margin and profitability. The speaker pushes for concrete moves: establish forward-looking financial metrics, build a budgeting cadence, and align reporting with strategy instead of just chasing historical tax compliance.
So you hit on some key areas there of, you know, sort of like gross margin and profitability. And, you know, I'm sure a lot of the folks that are listening have, you know, been in this, you know, sort of fast growth phase and they're now starting to think about, yeah, I do need to kind of wrap my arms around, you know, some of these things. What are some kind of actionable things that people can do today to start to get a better financial foundation in their business, and maybe they've, maybe they've already got some of that historical backwards-looking, you know, tracking and data and tax stuff in place, and they're now starting to think about how do I get more strategic with my finances? What, what are some good things for them to think about, you know, as first steps, things that they can, you know, kind of start doing today?
How Can You Maximize Your Business Value Before Selling? with Randy Katz Video
