Julia RockGuest
Austin HolmesHost
I imagine the finance side of it, because that's directly what you were doing, that probably had tremendous or was a tremendous asset early on in business, being able to set things up right.

And you'll see that kind of knowledge of finance grow as people grow their companies.

So because it's the fundamental difference between like revenue and profit, like because, you know, I, you know, I lived in income statements and other things like that.

It's, you know, because people are celebrating, oh, I made one hundred thousand dollars.
dollars.

And so what I had to learn early on is that, you know, the revenue, it's how do I keep my costs low so that I can take as much of that revenue down to the bottom line? So what can I do at a low cost or free way to make sure that my operating costs, you know, and then for people who are producing products, you know, your cost of goods, how do you keep that as low as possible? And then making sure that this is kind of indirectly related, but making sure that you're trying to do things right the first time because it's really expensive to do things over.

But it's like, OK, now you have to do two or three iterations of this because you had to keep paying because it wasn't good the first time.

You mean like those online bookkeeping services that no one has used, not in this office, that then they had to rebuild everything from scratch in QuickBooks? Kind of like that?

And so understanding finance was really helpful to understand where do I want to put my resources and then understanding what my numbers were telling me in terms of what's working and what's not working.

I imagine the finance side of it, because that's directly what you were doing, that probably had tremendous or was a tremendous asset early on in business, being able to set things up right.

And you'll see that kind of knowledge of finance grow as people grow their companies.

So because it's the fundamental difference between like revenue and profit, like because, you know, I, you know, I lived in income statements and other things like that.

It's, you know, because people are celebrating, oh, I made one hundred thousand dollars.
dollars.

And so what I had to learn early on is that, you know, the revenue, it's how do I keep my costs low so that I can take as much of that revenue down to the bottom line? So what can I do at a low cost or free way to make sure that my operating costs, you know, and then for people who are producing products, you know, your cost of goods, how do you keep that as low as possible? And then making sure that this is kind of indirectly related, but making sure that you're trying to do things right the first time because it's really expensive to do things over.

But it's like, OK, now you have to do two or three iterations of this because you had to keep paying because it wasn't good the first time.

You mean like those online bookkeeping services that no one has used, not in this office, that then they had to rebuild everything from scratch in QuickBooks? Kind of like that?

And so understanding finance was really helpful to understand where do I want to put my resources and then understanding what my numbers were telling me in terms of what's working and what's not working.
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