From Panic to Profit: How 6 Key Numbers® Can Make a 6-Figure Difference in Your Business

Picture this: you are stuck on a remote island at a luxury hotel. A ship comes to shore once a week with new passengers, supplies and news from home. What pieces of information would you need to know about your business in order to remain relaxed in paradise?

This is the question Brooke Lively answers in her award-winning book From Panic to Profit: How 6 Key Numbers® Can Make a 6‑Figure Difference in Your Business. Brooke explains that business leaders are never going to be able to make the best decisions for their company if they are in a state of panic. Thus, her book outlines the 6 Key Numbers® business owners should always have their fingers on the pulse of in order to keep things running smoothly and profitably.

Tune into this week’s episode of Get Rich Without Being a Bitch for a conversation with Brooke Lively about her own entrepreneurial journey and it can inform YOUR successes. Learn how Brooke took her business from broke to booming and why holding onto the vision of what you want to create is key. Most importantly, get a behind-the-scenes deep dive into Brooke’s 6 Key Numbers® and how they can dramatically alter the trajectory of your business for the better.

Quotes

• “What we ended up doing was coming up with the 6 Key Numbers. And they are the 6 Key Numbers that if you have your finger on those six things, then you have your finger on the pulse of your business.” (5:04-5:17)

• “One of my lowest points came when I applied for a credit card, it had a whopping $900 limit, and I waited for it desperately every single day.”  (8:42-8:58)

• “When you own a business it can be scary, and you’re going to run into...terror barriers. And what you want is on the other side of that terror barrier, and you’ve got to get through it. And there are four ways to do that….The one you really want to do is holding that vision because that vision is like armor. If you can see it, touch it, smell it, feel it, if you know exactly what it’s like, it is like a bubble that will let you walk through fire.” (10:40-11:45)

• “Instead of being panicked, instead of being reactive, all of these numbers are about helping you become proactive. And with the proactive, you make better decisions, especially when decisions are based on data.” (31:22-31:37) 

• “Budgets suck. Nobody likes a budget: they’re awful, they’re restrictive, and as entrepreneurs, we’re all about the possibility, not the prohibition.” (34:58-35:08)

• “Cut yourself some slack. All we’re looking for is to suck less next month.” (37:47-37:52)

• “If our owners are not making enough money, they are not going to be making good decisions in the business. We have to get our owners stable at home, so that then we can get the business really stable.”  (42:30-42:48)

Links

To learn more about Brooke Lively, visit: www.cathcap.com 

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Vanessa Shaw on LinkedIn

https://businessgrowthacademy.com/

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Podcast production and show notes provided by FIRESIDE Marketing