The Business Credit and Financing Show
Podcast by Ty Crandall
Episode 518:
Parker Stevenson: How Online Businesses Build Solid Financial Foundation
Ty Crandall Interviews Industry Leaders
As Heard On:
As Heard On:
Build a Solid Financial Foundation for Your Business
Parker Stevenson: How Online Businesses Build Solid Financial Foundation
Parker is a co-owner and the Chief Business Officer at Evolved Finance; a bookkeeping agency that specializes in helping online entrepreneurs to build more profitable and financially stable online businesses. For over 6 years, Parker has been advising some of the top coaches, course creators, influencers, and thought leaders on how to make more sound business decisions using their financial data.
During the show we discuss:
- Kinds of data to review as a business owner
- What entrepreneurs need to make more confident financial decisions
- The difference between an accountant and a bookkeeper
- Why your online business needs both
- What online businesses need to know about bookkeeping
- Creating a solid financial foundation for your online business
- How profitable an online business should be
- Strategies to make business more profitable
- Why profitability is the most important metric
- Why profitability should be the guide for most business decisions you make
- Why your profit and loss statement makes financial decisions so much easier to manage
- Reasons why online businesses struggle to be profitable
- How online business owners make their finances easier and less stressful
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