KNOW YOUR NUMBERS | Episode 1 with Meny Hoffman & Simeon Friedman

Description

Most business owners are working hard… but still have no real idea what their numbers are actually saying. You’re making decisions every day. Hiring. Spending. Growing. But if you don’t know your numbers, you’re not deciding… you’re guessing. This episode kicks off a brand new finance series on Let’s Talk Business, where Meny Hoffman sits down with Simeon Friedman of Saul N. Friedman & Co. to break down the part of business most people avoid. They get into why business owners avoid their numbers, what you actually need to track, and how understanding just a few key metrics can completely change how you run your business. You’ll learn: 👉 Why “ask my accountant” is a dangerous mindset 👉 The difference between guessing and actually knowing 👉 What numbers every business owner must track 👉 How margins, profit, and cash flow actually work 👉 Why clean books are behind every successful company If you’re running a business and feel like you’re just pushing forward without full clarity, this is where that changes. This is episode one of the finance series. Start here! – TIME TO SUPERCHARGE YOUR SALES! This episode is sponsored by Flow Digital and Pipedrive, learn more by visiting: https://flow.digital/ltb - 🎥 Watch & Connect 📲 More episodes: https://ptexgroup.com/podcast-main/ 🎯 Book a Clarity Session: https://calendly.com/ptex/strategy-meeting 📲 Follow @ltbhub on Instagram and LinkedIn – 🔗 Episode Links 👤 Learn more about Saul N. Friedman & Co. https://snfco.com 📩 For Promotions & Inquiries (LTB Podcast): https://api.whatsapp.com/send?phone=13474518368&text=Hi -- 💡 Meny’s Practical Pointers If you don’t know your numbers, you’re guessing. And guessing is not a strategy. Your accountant looks backward. You need numbers to make decisions today. Track the basics. Profit, margins, and cash flow. That’s your foundation. Margins matter more than revenue. Revenue looks good. Margins make you money. Clean books don’t make you successful, but every successful business has them. – Episode Timestamp: 00:00 – Why this finance series matters 02:30 – Why business owners avoid numbers 07:00 – The danger of guessing 11:30 – What numbers actually matter 18:00 – Profit vs margins explained 25:00 – Service vs product margins 30:00 – Clean books and decision making 36:00 – Final takeaways + what’s next – #LetsTalkBusiness #MenyHoffman #SimeonFriedman #Finance #BusinessGrowth #Entrepreneurship #CashFlow #Profit #Margins #SmallBusiness #ptexgroup