In this episode, Mike and Matt discuss the journey of business owners from the initial 90 days to the 180-day mark of working with Patrick Accounting. They explore the transition from feeling relief to developing confidence in their accounting systems, the importance of building effective systems and processes, and the shift towards proactive thinking and informed decision-making. The conversation emphasizes the significance of understanding financial statements and the empowerment that comes with being in control of one's business.
Takeaways
The first 90 days focus on relief and basic understanding.
By 180 days, business owners should feel confident in their systems.
Confidence is key to making informed decisions.
Building systems takes time and requires patience.
Proactive planning is essential for future growth.
Understanding financial statements leads to better decision-making.
Business owners should ask 'what if' questions to explore possibilities.
Regular financial statements help in gaining control.
Change is a gradual process that requires consistent effort.
Success is indicated by the ability to make informed decisions.
Chapters
00:00 Introduction and Overview of the Journey
05:33 Transitioning from Relief to Confidence
11:19 Building Systems and Processes
15:09 Proactive Thinking and Future Planning
20:01 Making Informed Decisions
22:18 Outro