Money Monday #4: The Only 3 Numbers You Need to Track
About this episode
Lacey Gebo shares the three essential numbers to track for business profitability and emphasizes the importance of simplicity in financial management.
The one-hour weekly habit that changed everything in my business. Alright… we made it to the FINAL Money Monday 😭 And I’m not letting you leave this series without something you can actually implement immediately. I’m giving you my exact monthly profit margin spreadsheet — the same one I use in my business… every single month. And here’s the best part… I only track THREE numbers. Simplicity Wins. Always. I know so many salon owners think they need complicated systems…P&Ls, dashboards, all the reports… But the truth? You don’t need more complexity… you need simplicity + consistency. The Only 3 Numbers That Matter Every month, I track: Revenue (what came in) Expenses (what went out) Profit (what’s actually yours to keep) Profit Margin % (how much you’re actually keeping) That’s it. That’s the system. Because here’s the reality… I don’t care how big your revenue is if you’re barely keeping anything. You can do $500K… $700K… even $1M… But if you’re only keeping a tiny percentage? We have a problem. Let’s Talk Profit (for real) There’s no magic number. But what DOES matter? You are profitable Your profit is improving month after month If you’re at 3% right now… amazing. Start…
More episodes of Level Up with Lacey
- Is Your Assistant Slow AF? Let’s Talk Timing, Reps, and Reality
- The 3 Things I’d Focus on If I Had to Rebuild My Salon Today
- Are You Afraid of What People Think? Because Same.
- Money Monday #3: Let’s Talk About Credit Cards
- Money Monday #2: What I Do With Every Dollar That Hits My Bank Account
- Money Monday #1: You’re Busy… But Are You Profitable?
Explore listener stats, chart rankings, contacts and more on the Level Up with Lacey podcast page.