How to Track Job Timelines and "Indirect" Costs Draining Your Profits with Madeline Stout
“You are not required to finish making a bad decision. But as an entrepreneur, you have to be responsible for your ship.” —Madeline Stout
Every dollar counts in business, yet many business owners continue to leave money on the table through reactive financial habits. By prioritizing financial stewardship and future-proofing their operations, entrepreneurs can focus on their craft, rather than constantly putting out financial fires.
This week, Madeline Stout, the founder of Profit Panda CFO, joins Scott to discuss how entrepreneurs can strengthen their financial management.
Madeline goes beyond the numbers to be a strategic partner for business owners. She equips contractors with financial optimization strategies through hands-on guidance and technology. Her approach supports business owners in maximizing profits through informed financial stewardship.
Listen in as she highlights the importance of understanding your industry pains and opportunities as well as your company's true cash flow beyond basic financial statements. Scott and Madeline also list key indicators contractors often overlook such as burn rate, project timing overruns, lead tracking, and more.
Connect with Scott:
As the official Zig Ziglar Small Business Lawyer and a Ziglar Legacy Certified Trainer, it’s no wonder that Scott Reib is known as “America’s Legal Coach.” For the last two decades, Scott has been helping business owners, entrepreneurs, and coaches “shatterproof” their businesses by implementing specific strategies for structure, growth, and protection.
Episode Highlights:
01:39 Making Informed Financial Decisions
05:05 Optimization Strategies for Contractors
08:10 Understanding Indirect Cost
11:06 White Labeling and Entrepreneurship
17:23 Prioritizing Stewardship
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