The Number You Should Know by Heart

The Number You Should Know by Heart

From Prosperity on the Horizon by Julianna Nagy

April 9, 2026 · 19 min · Episode 112

About this episode

Julianna discusses essential financial numbers that founders should memorize to make informed business decisions.

Julianna explains why founders should know a few key financial numbers without relying on accounting software, because quick decisions about hiring, pricing and deals often need confidence and clarity. She shares an example of a consultancy owner who nearly hired based on a strong recent month, but changed plans after checking her average revenue over 6-12 months. Julianna outlines six numbers to know: average monthly revenue, average monthly profit, main monthly fixed costs, unpaid invoices (receivables), an approximate tax amount to set aside (including GST and income tax), and business runway (months you can operate with current cash). She gives simple steps to find and track these in accounting software and encourages listeners to review them regularly to reduce anxiety and lead more intentionally. 00:00 Welcome and context 01:19 Why memorize numbers 03:04 Hiring story lesson 05:18 Six numbers overview 05:34 Average revenue and profit 07:16 Fixed costs and receivables 08:45 Tax and runway 10:32 How to track them 13:42 Reflection questions 14:36 Final mindset and wrap If you are listening to this podcast, chances are you are already on your way to exploring your numbers with a…

People in this episode

Host: Julianna Nagy

Topics covered

  • financial numbers
  • business decisions
  • entrepreneurship
  • accounting
  • financial clarity
  • business runway

Keywords

  • financial numbers
  • average revenue
  • monthly profit
  • fixed costs
  • unpaid invoices
  • tax amount
  • business runway

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