Greg Crabtree is a Partner at CRI Simple Numbers, a firm dedicated to assisting entrepreneurs in optimizing business performance through proven financial strategies and quarterly tax planning. An accomplished speaker, author, entrepreneur, and financial expert with over 40 years of in-depth experience, Greg pioneered a metric for measuring labor efficiency and benchmarks for company and individual performance. He is the author of Simple Numbers, Straight Talk, Big Profits and its sequel, Simple Numbers 2.0, which extend his principles for turning businesses into wealth-building engines. In addition to his publications, Greg has contributed to Verne Harnish’s Scaling Up and chairs the EO Wharton Executive Education Program.
Here’s a glimpse of what you’ll learn:
- Greg Crabtree explains why he prefers simplicity in finance
- The importance of focusing on a few key drivers in a business venture
- Private vs public companies’ economic impact
- The trend of reducing marketing spend due to lack of ROI
- Why is gross margin the true measure of value creation?
- Challenges faced by small businesses as online shopping grows
- AI’s impact on business operations and labor costs
- The impact of demographic changes on small business growth
- Why it’s crucial to continue adapting to changing market conditions
In this episode…
Navigating the complexities of financial management in a rapidly changing economy can be daunting. How can small business owners simplify their approach to ensure sustainability and growth in such a dynamic environment?
According to Greg Crabtree, a seasoned financial expert and author, the key lies in focusing on one’s own business economy rather than getting lost in the broader economic trends. Greg emphasizes the importance of understanding and adapting to the changing labor market, advocating for a straightforward approach to finances. His philosophy is grounded in practicality, stripping away unnecessary complexities to reveal the core elements that truly drive business success. This approach not only simplifies financial management for entrepreneurs but also enhances their ability to make informed, strategic decisions in an ever-evolving marketplace. entrepreneurs.
In this episode of the Financial Clarity podcast, Hannah Smolinski sits down with Greg Crabtree, Partner at CRI Simple Numbers. They explore the concept of ‘keeping it simple’ in business finances, discussing the importance of gross margin, challenges in scaling a business, and the impact of labor costs on economic trends. Greg’s pragmatic advice provides listeners with valuable strategies for thriving in today’s competitive market.
Resources Mentioned in this episode
- Hannah Smolinski: LinkedIn | Email
- Clara CFO Group: Website | YouTube
- Financial Clarity podcast: Website | YouTube
- Greg Crabtree on LinkedIn
- CRI Simple Numbers
- “Behavioral Economics and the Truth About Pricing With Melina Palmer” on the Financial Clarity podcast
- The Truth About Pricing: How to Apply Behavioral Economics So Customers Buy (Value Based Pricing, What Your Buyer Values) by Melina Palmer
- “Creating Bestsellers: Strategies for Success in Book Publishing and Marketing With Sarah Russo” on the Financial Clarity podcast
- “Interview with Simple Numbers Straight Talk Author – Greg Crabtree” on the Clara CFO Group YouTube channel
- Simple Numbers, Straight Talk, Big Profits!: 4 Keys to Unlock Your Business Potential by Greg Crabtree and Beverly Blair Harzog
- Simple Numbers 2.0 – Rules for Smart Scaling: A Play by Play Analysis for Pure Growth by Greg Crabtree
- Scaling Up: How a Few Companies Make It…and Why the Rest Don’t (Rockefeller Habits 2.0 Revised Edition) by Verne Harnish
- Entrepreneurs’ Organization (EO)
- Warren Rustand on LinkedIn
Sponsor for this episode…
Clara CFO is dedicated to providing financial clarity and profit-maximizing solutions to small businesses. The team at Clara CFO are seasoned accounting professionals with a heart for small business. We help growth-minded entrepreneurs thrive through Fractional CFO services and financial education.
Whether you’re grappling with hiring decisions, profit margin concerns, or ambitious growth plans, Clara CFO provides insights, recommendations, and a clear financial roadmap to achieve your goals.
To learn more about Clara CFO Group and how we can help your business, visit ClaraCFO.com.
