How to Track Your Numbers

In this week’s video, Lou Mosca offers some suggestions to get a handle on your financial performance and avoid unhappy surprises.

Good Morning!

Here are today’s highlights:    

• Florida’s crackdown on undocumented workers has defied predictions that it would damage businesses.

• The big automakers want EV regulation to continue.

• Philadelphia was the first big city to impose a soda tax. It’s not clear that it has improved health outcomes.

• Over the past five years, young people have decided that podcasts are meant to be watched.

SCHEDULING NOTE

Next week, we will publish a Dashboard podcast on Monday and an Entrepreneurial Fish Bowl podcast on Tuesday. The Morning Report will return on the Monday after Thanksgiving. Have a wonderful holiday, everyone!

MANAGEMENT

Lou Mosca says you don’t need to be a CPA to manage your business finances effectively. Start by tracking key metrics like labor and material costs every week—each should stay under 33 percent of revenue. A simple spreadsheet is all you need, and you can handle it internally without relying on a CPA. Weekly tracking keeps surprises at bay and helps you make better, more proactive decisions. Don’t wait for the end of the month to see how your business is doing. CONNECT WITH LOU