It’s the middle of October. Quick question: What did your business actually make in September?

Not revenue. Profit, margin by service line, cash position the real numbers.

If you cannot answer that today, you are not driving your company. You are steering it by looking into a mirror that is two months behind, and you will not see the wall until you have already hit it.

In Episode 28 of From Burnt Out to Bought Out, Jon and Ryan explain why a slow monthly close is one of the most dangerous problems in a business. You will learn why revenue and bank balances do not tell the full story, how outdated financials allow margin problems to compound, and what it takes to move from a 30-day close to a five-day close.

They also break down the difference between a bookkeeper, CPA, and controller; why weekly reconciliation is the fastest place to start; and how timely financials help you protect your margins, cash flow, and decision-making.

If your financial statements arrive too late to help you make decisions this one’s for you.

🎧 Show notes, chapters and the full transcript: https://fbo2bo.com/episodes/it-s-october-your-september-isn-t-closed

👉 Get more free strategies to build a profitable, scalable business: https://wearesynergysolutions.com/blog/

🔔 Subscribe so you don’t miss the next episode new episodes weekly.

⏱ Chapters
00:00 Your September Numbers Still Aren’t Ready?
01:12 Why a Slow Close Is Dangerous
02:37 The $7 Million Contractor Example
04:54 How Businesses Lose Two Months Before Noticing
07:01 What Owners Should Track Beyond Revenue
08:06 Ryan’s Fun Fact
09:03 Sponsor: Turner Electrical Services
10:06 How to Speed Up Your Monthly Close
11:45 The Minimum Viable Close
12:10 Moving From 10 Days to Five
13:39 The Highest-Leverage Place to Start
14:27 What a Five-Day Close Makes Possible
16:30 Jon’s Two Cents: Update Your Website
19:06 Who Should Own the Monthly Close?
20:19 What If You Cannot Afford a Controller?
21:46 The One Thing to Do This Week
22:37 Stop Steering Your Business Blind
25:34 Pick One Thing and Start

🔗 Connect with us
Synergy Solutions Podcasts: https://wearesynergysolutions.com/podcasts/
Connect with Jon on LinkedIn: https://www.linkedin.com/in/dyerjon/
Connect with Ryan on LinkedIn: https://www.linkedin.com/in/ryan-mcgarghan-07946a24/

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