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Optimizing Professional Service Finances - Jon Morris
Manage episode 442715093 series 3594045
Contenido proporcionado por Eric Rutherford. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Eric Rutherford o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
In this episode of "It's Marketing's Fault," host Eric Rutherford sits down with Jon Morris, founder and CEO of Fiscal Advocate, to explore the financial intricacies that professional service firms often overlook.
Jon shares insights on the critical role of gross margins, emphasizing the ideal range of 50-60% for profitability and growth. He discusses the importance of understanding financial metrics, such as cash reserves and EBITDA, to make strategic decisions. Jon also highlights the significance of a robust finance department in scaling a business, drawing from his experience at Rise Interactive.
The conversation delves into the challenges of managing expenses, the necessity of strategic planning, and the value of building a business that prioritizes quality service and client retention.
Whether you're a seasoned entrepreneur or just starting out, this episode offers valuable guidance on aligning financial strategies with business goals.
https://fiscaladvocate.com/
https://www.linkedin.com/in/jonmorrisramsayinnovations/
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