What mistakes lead to loss of control over company finances?

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Dawid Bagiński - wyższy poziom biznesu

Published on Sep 9, 2024
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🎧 The entire podcast episode: • Marketing and FINANCIAL management by... In this material, we discuss the biggest challenges that entrepreneurs face in managing their business finances. We talk about the key role of regular cash flow monitoring, analysis, cost and revenue control, and forecasting future expenses. Lack of control over finances can lead to serious problems, so entrepreneurs must be aware that every financial decision, even the smallest, can have long-term consequences. For this reason, it is so important to systematically track cash flow, analyze costs and revenues, and plan future expenses. This way, you can avoid unpleasant surprises and better prepare for potential financial crises. Why are many business owners not aware of whether their business is generating profits? How to avoid the most common business mistakes? How to most effectively use financial data to make better decisions? I will talk about all this with my guest Adam Zagała from Value Finance. 🚀 In this episode: 00:00 - Traps that can lead to loss of control over your company's finances 00:46 - Decision paralysis: How uncertainty hinders business development 01:30 - Every ship needs a good helmsman 02:45 - Is your company generating profits? A common problem for entrepreneurs 04:17 - Lack of financial knowledge 05:48 You don't need to hire a team of specialists to organize your company's finances 06:19 - Lack of control over processes and strategy 09:11 - Not knowing your company's profitability 09:23 - How do you make money? The key to consciously running a business 12:26 - Analysis of the effectiveness of marketing channels 13:45 Online data does not always reflect reality - everything must be linked to accounting Every company needs a solid anchor in the form of financial analysis. I hope we've convinced you that properly organized finances can become your compass in these difficult times. Remember that it's worth considering working with a remote CFO when your finances are in turmoil. In the meantime, I'm saying goodbye, wishing you fair winds, and see you in the next episode. The guest of this episode was Adam Zagała, co-founder of Value Finance and a specialist in corporate financial management in the SME sector. ▶️ Are you interested in this fragment? You can find the full version of the podcast at the link: • Marketing and FINANCIAL management in... Come on in! ______________ ✅ FACEBOOK: / dawidbaginskiofficial ✅ WWW: https://www.dawidbaginski.com ✅ SOCIALELITE: https://www.socialelite.pl ✅ INSTAGRAM: / dawidbaginskigobig _______________ LINKEDIN: / dawidbaginski PODCAST: https://www.open.spotify.com/show/6hB... 🍿 PS. If you like this content, subscribe to my channel! https://www.youtube.com/c/DawidBagins...

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