📄ONE-PAGE LESSON 8
Key Points You’ll Learn
📆 Learn simple routines to stay on top of your numbers
🔍 Discover how habits build financial confidence over time
✅ Apply a monthly review system to strengthen decision-making
Why This Matters
Knowledge alone isn’t enough — consistency is what makes businesses stronger.
Many owners glance at their numbers only when a crisis hits. By building financial habits into your routine, you turn discipline into power.
Small, regular actions compound into clarity, confidence, and long-term stability.
Core Insights
- Monthly Reviews – Set aside one day each month to review financial statements. Look for trends, surprises, and changes compared to your budget.
- Track Key Metrics – Don’t drown in data. Choose 3–5 KPIs (such as gross margin, current ratio, accounts receivable days, and operating cash flow) that give you a pulse check.
- Use Dashboards & Tools – Simple spreadsheets or accounting software dashboards make it easier to visualize your numbers and spot issues quickly.
- Accountability Matters – Share your numbers with a trusted partner, CFO, or advisor. Accountability drives better financial discipline.
- Create Triggers – Define red flags that demand action (e.g., if cash reserves fall below one month’s expenses, or if receivables exceed 60 days).
Quick Exercise
1) Block out 1 hour this month for a financial review meeting (even if it’s just with yourself).
2) Write down your top 3 financial metrics to monitor.
3) Create a simple spreadsheet or dashboard and enter this month’s numbers.
4) Decide on one “red flag trigger” that will prompt immediate action.
Call to Action
Financial habits are the foundation of long-term success. The more consistently you face your numbers, the more control and confidence you gain.
Face it. Review it. Strengthen it.