Skip to content
POWER100
Join Free
Content

Know Your Numbers and Then Do Something About It

📅 April 9, 2026 ⏱️ 48:22 🎤 Kyle, Chris Anderson

Chapters

Click to jump to section

  • 0:00
    Website Success Story
    The episode opens with a sponsored segment highlighting Elevation Basements' success in generating organic leads and boosting revenue by cancelling Google ads after working with CGN.
  • 1:53
    Guest Introduction
    Kyle introduces Chris Anderson, founder of Month End, who shares his background in home building and how his firm helps contractors make more money through financial clarity.
  • 6:43
    Financial Discipline & Goals
    Chris explains 'cash consciousness' and 'financial discipline,' stressing the importance of setting clear financial goals and backing into the required revenue targets.
  • 13:23
    Balance Sheet & P&L
    Chris simplifies the balance sheet and profit and loss statement, explaining how these financial tools provide crucial insights for business decision-making.
  • 17:03
    Understanding Profit Margins
    The discussion delves into gross profit and overhead expenses, offering actionable advice on how to improve margins by raising prices or controlling costs.
  • 31:53
    Hiring a Bookkeeper
    Chris provides comprehensive guidance on what to look for when hiring a bookkeeper, emphasizing industry-specific expertise and accountability.

Speakers

K
Kyle
Host
C
Chris Anderson
founder of Month End

Key Takeaways

✦

Set clear, written financial goals for your business, starting with your desired personal income, and then work backward to determine necessary revenue and job volume.

✦

Understand the difference between profit and cash, and actively use your balance sheet and profit & loss statements to make informed decisions about your business's financial health.

✦

Focus on improving your gross profit margins by either raising prices or more effectively controlling job costs; these are your two primary levers for profitability.

✦

Implement 'win or learn' mentality for job costing by setting micro-goals for each phase (e.g., demo hours) and analyzing outcomes to continuously improve future project estimates and execution.

✦

When hiring a bookkeeper, prioritize industry-specific expertise (especially in construction accounting), check their reputation, and ensure they understand complex concepts like WIP adjustments to avoid inaccurate financials and overpaying taxes.

✦

As a business owner, take responsibility for the quality of your financial data by being curious, asking questions, and ensuring a streamlined process for coding expenses and reconciling accounts promptly.

Want the full experience?

Join Power100 for full access to every episode, AI-powered insights, personalized coaching, and a network of industry leaders.

Join Power100 →