EP 767 Lee Safar - Understanding Your Business and The Market - Map It Forward Middle East Podcast
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The Daily Coffee Pro Podcast by Map It Forward EPISODE DETAILS
This is the 2nd episode in a 5-part series on The Daily Coffee Pro Podcast by Map It Forward.
This series on the podcast is a solo series with Lee Safar to give business owners in the coffee supply chain an insight into how Map It Forward is preparing our 1 on 1 clients and participants in our Mastermind Groups for the volatility of 2025 and 2025.
The intention behind this series is to guide those who, for whatever reason, cannot access our consulting services or Mastermind Groups.
No element of this podcast series is meant to be advice for your business. You should seek the professional services of a business advisor or consultant that fits the needs of your business if you require assistance.
In this series, we will cover the following 5 features in business:
1. Steps for Getting Informed About Coffee's Current Volatility - https://youtu.be/3Ci6N6EVHzc
2. Understanding Your Business and The Market - https://youtu.be/DpjfCC4SXmo
3. Risk Management In Your Supply Chain - https://youtu.be/r_zS22fYM3U
4. Communication with Your Business Stakeholders - https://youtu.be/YAraTB9XqEQ
5. Strategic Planning For This Market Volatility - https://youtu.be/99M61AyffNQ
In this episode of The Daily Coffee Pro by Map It Forward, host Lee Safar delves into understanding your profit and loss statement to grasp your business's financial health.
This episode covers key financial terms, the importance of mastering P&L statements, and introduces a business blueprint for new and established businesses.
Lee emphasizes the necessity of understanding financial statements, including cash flow and balance sheets, as well as inventory reports and customer acquisition planning. This knowledge can help manage business risks and enhance profitability.
00:00 Understanding Your Profit and Loss Statement
00:47 Sponsored Message: Become a Coffee Consultant
01:26 Introduction to the Series
01:35 Preparing for Market Volatility
02:49 The Business Blueprint
04:31 Importance of Financial Statements
11:27 Inventory Management and Costing
15:29 Knowing Your Customer
17:20 Becoming Undeniable in Business
18:59 Conclusion and Next Episode Preview
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