Simplicity and Honesty in Accounting with Greg Crabtree

For any business, profit is like oxygen. You can’t live long
without it. It's also the key to building real wealth. If your
accountant doesn't understand that, he could have you spending a
dollar to save 40 cents. What kind of accounting is that? The kind
that will strangle your company’s profitability and growth. Today’s
guest, Greg Crabtree, is a new type of accountant. After working
with hundreds of entrepreneurs, he provides his clients with
something that few other CPA’s even bother with: sweeping insight
into the numbers businesses can APPLY to make business decisions.
This shouldn’t be revolutionary, but in today’s financially
illiterate world, it is. Discover: The simple numbers successful
entrepreneurs use to make decisions that accountants don’t even
consider Why writing a big check to the IRS means you’re creating
wealth Why 10% is the new ‘break even’ businesses should be aiming
for The app to help you make your business accounting simple If
your accountant is AFRAID of you making a profit, you NEED to hear
this episode with Greg Crabtree, CPA. KEY POINTS: At 3:30 – Greg
explains why it’s a terrible idea to spend away your profits at the
end of the year to ‘save’ on taxes. At 7:00 – Danny and Greg
discuss behavioral economics and how Greg uses it to help
entrepreneurs be more profitable. At 13:00 – Greg shares the
numbers he looks at every day, every week, and annually. Businesses
can follow this same mentality to be more aware of how they’re
doing. At 20:00 – Danny and Greg discuss how the framework can help
seasonal and cyclical businesses manage their accounting. At 24:00
– Greg talks about the new app that will allow you to bucket your
accounting data and create ‘simple numbers’ reports to help you
make business decisions.