Know your numbers
Author:
๐ Prior-Inflation8755
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App Description
Doesn’t matter what you do.
What type of business do you have? How many customers?
Always track expenses/income. You will see your progress. You will understand how much money you need to get exact numbers. How much does it cost to run? How much does it cost to scale?
It shouldn’t be fancy. Just two columns with expenses and revenue. Track subscriptions, server costs, AI APIs, AI models, and everything you are paying for and where the money is coming from.
Sounds easy, but 80% of founders do not know their exact numbers. Because of it, they struggle very much. Without knowing your present, you will predict your future.
Project Overview
This post emphasizes the importance of tracking business expenses and income to understand financial health and predict future growth. It suggests a simple method of using two columns for expenses and revenue to track all financial aspects of a business, including subscriptions, server costs, AI APIs, and models. The post highlights a common issue among founders: not knowing their exact financial numbers, which can lead to struggles in managing and scaling their business.
Features & Benefits
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Emphasizes the importance of financial tracking
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Simple method suggested for tracking expenses and income
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Highlights common issue among founders