“Stop Flying Blind: A Simple Dashboard for Your Business”
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Title: Simple Numbers, Straight Talk, Big Profits!
Author: Greg Crabtree and Beverly Blair Harzog
Category: Startups & Entrepreneurship
Do you know your business's true profit, or are you just hoping the bank account looks okay? Sam and Sophie sit with that uncomfortable question, because most owners confuse activity with profit and fly blind until it's too late.
They walk through Greg Crabtree's no-nonsense framework: True Profit, the Labor Efficiency Ratio (LER), target labor burden, and the one-page dashboard. The pair lands on the Rule of 40% and the Cash Conversion Cycle, showing how a handful of numbers can replace guesswork. An example: if your LER drops below 1.25, you're labor-heavy and need to raise prices or improve efficiency.
If you've ever felt anxious about your business finances or avoided the spreadsheets, this episode gives you a clear starting point. The takeaway: stop hoping, start measuring—build a business that serves your life, not the other way around.
Simple Numbers, Straight Talk, Big Profits! by Greg Crabtree and Beverly Blair Harzog. If you want the full written summary, the whole library is on 7minutebooks.com/app — unlimited access from $2.99 a month, $9.99 a year, or $19.99 lifetime.
Chapters
00:00True Profit and the Hope Trap01:07The Labor Efficiency Ratio02:02Pricing and Target Labor Burden02:58Overhead as Investment03:57Cash Conversion and the Dashboard05:22Takeaway: Stop Hoping, Start Measuring
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