Most of the time we assume that we know a lot about our business when actually we don't.
As I said before, one of the mistakes that Recruitment/Search Business Owners do is focusing so much on getting x amount of revenue, x amount of leads, basically, the marketing world that they forget about the other significant part of their business.
So today, I'm going to talk about Control of your finances.
As a Recruitment/Search Business Owner you should be able to get a monthly report from your accountant. If you're going to watch this video, I have shared how I manage my accounts. Now, if you still don't get it, sit down with your accountant and ask questions like a 5 year old. The only way that you can get control of your finances is to understand how it flows and to get your reports in place.
Next is get yourself a forcasting model. This will give you control of what you want to happen in the next 3, 6, 9 months. This may sound grand but it's just a spreadsheet. A spreadsheet with thought in it.
When people come join the Inner Circle, they come for the automation and all the shiny stuff. The reality is we're all about building businesses and this is a key fundamental in building a business.
Want to learn more? You can continue to watch this video or you can jump in a 15minute call with me here: