#162 Business Is Hard Until You Understand THIS

About this episode

Kristen Deese discusses financial management strategies for home services companies, focusing on key financial statements and operational practices.

On this episode of the Jered Williams Show, Kristen Deese, a financial expert and former trades business owner, provides a comprehensive overview of financial management for home services companies. She delves into the key components of the Profit and Loss (P&L) statement, including revenue, cost of goods sold, and overhead expenses, emphasizing the importance of aligning job costing and financial reporting. Kristen also discusses the balance sheet, cash flow management, and the strategic use of depreciation and tax strategies. Additionally, she highlights the significance of managing overhead expenses, hiring the right talent, and fostering a positive company culture. The episode concludes with an invitation to an upcoming event in Pensacola, where attendees can further explore these critical financial and operational topics.

People in this episode

Host: Jered Williams

Guest: Kristen Deese

Topics covered

• financial management
• home services
• Profit and Loss statement
• cash flow management
• company culture

Keywords

• financial management
• Profit and Loss statement
• cash flow
• overhead expenses
• job costing

Mentioned in this episode

Organizations: Pensacola

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