How long does it take you to know if your business is actually making money right now?

Not last month. Not what your accountant told you 6 weeks ago. Right now, today, do you know your cash position? Offhand atleast?

I realized I didn't. And I'd been running my business for over a year. I was completely dependent on my accountant to tell me how things were going, and by the time I got that information it was already outdated.

The shift for me was treating my finances as something I should be able to check like a dashboard, not something I hand off and wait on.

Curious how other business owners handle this. Do you have real-time visibility into your numbers or are you also flying a bit blind?

reddit.com
u/Little_Product_7 — 4 days ago
▲ 2 r/EntrepreneurshipUAE+1 crossposts

How long does it take you to know if your business is actually making money right now?

Not last month. Not what your accountant told you 6 weeks ago. Right now, today, do you know your cash position? Offhand atleast?

I realized I didn't. And I'd been running my business for over a year. I was completely dependent on my accountant to tell me how things were going, and by the time I got that information it was already outdated.

The shift for me was treating my finances as something I should be able to check like a dashboard, not something I hand off and wait on.

Curious how other business owners handle this. Do you have real-time visibility into your numbers or are you also flying a bit blind?

reddit.com
u/Little_Product_7 — 4 days ago