About this episode:
Your books can be perfectly accurate and still leave you guessing on every decision that actually costs money.
Arron Bennett, Founder of Bennett Financials, has looked under the hood of hundreds of contracting businesses and can usually name the constraint before the owner can.
At $1M-$10M, one wrong pricing or hiring call doesn't cost you a quarter — it costs you a year of growth.
IN THIS EPISODE:
- Why an unreconciled balance sheet makes your P&L wrong too — including the client who had to recognize $500K of hidden revenue after four bad years.
- The 1-to-4 salary cap: every dollar of labor should return four in revenue, and why a close rate above 40% means you're priced too cheap.
- How equipment bought on a loan for the tax deduction empties your bank account while your P&L still shows profit you owe taxes on.
