Torsion Talk S8 E71 - Financial Fundamentals for Startup Success

Torsion Talk - The Garage Door Industry Podcast

In this episode of Torsion Talk, Ryan dives into the essential financial aspects for small to medium-sized garage door companies. With a focus on education, Ryan shares valuable insights to help business owners optimize their operations, boost their sales, and achieve financial sustainability.

Key Highlights:

1. Business Updates and Sales Training

2. Implementing Financial Systems for Startups

3. Understanding Profit and Loss Statements

4. Seasonality, Marketing, and Profit Margins

5. Effective Pricing and Benchmarking Strategies

6. Basics of Balance Sheet and Cash Flow Statement

7. Evaluating Cash Flows and Managing Inventory

8. Efficient Inventory Management and Payment

9. Startup Loans and Lines of Credit Strategies

10. Business Loans, Growth, and Leadership

Tune in to this comprehensive episode to gain valuable insights into financial management, marketing strategies, and effective business practices. Whether you're starting a new business or looking to optimize your current operations, Ryan's advice will help you achieve your goals and drive growth.

Find Ryan at:

⁠⁠⁠⁠⁠⁠⁠⁠⁠https://garagedooru.com⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠https://aaronoverheaddoors.com⁠⁠⁠⁠⁠⁠⁠⁠⁠

https://markinuity.com/

Check out our sponsors!

Sommer USA - ⁠⁠⁠⁠⁠⁠⁠⁠⁠http://sommer-usa.com⁠⁠⁠⁠⁠⁠⁠⁠⁠

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Stealth Hardware - ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://quietmydoor.com/⁠