For founders who get paid before the work is finished
There are two ways of counting money in a business. Yours is using one of them right now, and most founders have never checked which one. This one-page guide shows you how to find out in ten minutes, without new software or a call to your bookkeeper.
A simple decision framework for understanding what your numbers are really telling you.
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What's Inside
Tell in under a minute which of the two counting methods your business is on, so you know what your profit figure is measuring and what it is leaving out.
Look at your last three months and say which ones were good, with certainty, instead of guessing from the bank balance and hoping.
Spot the money sitting in your account that is not yours yet, so you stop spending revenue you have not finished earning.
Run one check before your next hire, payroll run or big spend, so the decision is made on a number that means what you think it means.
The Ten-Minute Lens Check
The next big decision you make, the hire, the spend, the money you take out, will be made off a number on your P&L. Take ten minutes and make sure that number says what you think it says.
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Kacper Wiloch, trading as Merigrove
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