Know Your Numbers

With all of the data swirling around your business, it can make you feel cluttered, disorganized and pulled into a million directions. While most people dread talking about their numbers, Layne Booth says that knowing your numbers plays a key role in scaling your business. With a background in industrial engineering, Layne has experience in manufacturing, supply chain, sales and marketing. After becoming a mom, Layne used her experience to build her company, The Project Booth, where she helps business owners create a visual map that helps them make data-driven decisions to capitalize on sales and profits. 

According to Layne, CEOs of successful multi-six and seven-figure companies have three things in common. They have clarity in their systems, demand high performance and execute their visions with confidence. When putting together a plan for her clients, Layne focuses on analyzing their business’s numbers to better understand how its profits and brand reputation are doing. It is only when you have clarity in your numbers that you can truly make decisions like a CEO. 

Tune into this week’s episode of Get Rich Without Being a Bitch for an honest conversation with Layne Booth about numbers. Learn more about the symptoms of financial distress, Layne’s ABC approach to money and how to overcome your fear of numbers, so you can take your business to the next level.  

Quotes 

• “We want to be profitable as business owners, but there's a lot of hidden pieces that most people aren't looking at.” (01:49-01:56)

• “Women entrepreneurs are the creatives and the visionaries. They've got all these ideas so they talk about those and nurture those ideas, but the conversation tends to stay there and doesn't talk about the rest of business building, which is really geared towards understanding the numbers behind those great ideas.” (10:59-11:18)

• “Having repeatable and predictable processes in place is absolutely the thing that is going to help you because if you can repeat it with the first person, then you can repeat it with the second person.” (23:43-23:56)

• “You can make much better decisions for yourself knowing what's happened in the past and how you want to change that for the future.” (26:46-26:55) 

• “You don’t lose unless you quit.” (36:30-36:32)

Links

Connect with Layne Booth

• https://www.theprojectbooth.com/

• https://www.linkedin.com/in/laynebooth/

• https://www.facebook.com/theprojectbooth/

• https://www.instagram.com/theprojectbooth/

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https://businessgrowthacademy.com/

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