“We’ll do a weekly P&L in our business, not a monthly or an annual and just try and really shorten the lead time on information”

The Business Leader Podcast with Sir Richard Harpin · Simon Mellin built Modern Milkman to £50m - then nearly ran out of cash

Play from 25:39
25:39

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What was described

Run a weekly profit-and-loss report instead of monthly/annual to shorten reporting cycles

Said nearby on the same subject

“I really encourage… one of those weekly reports that you run is your adjustments to review and ensure…”
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“I was going to do it monthly, but I started reaching out to interesting people and they all said, yeah, sign me up... so instead of monthly, it became a weekly thing. And it's one of the most popular things about the site”
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“Our tech service offering… can amalgamate all those together when it comes to reporting time, financial statements reporting time”
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“I have a running toilet and of course a graph because it all goes into a spreadsheet… I check weekly on Fridays, update that spreadsheet and then monthly I do everything, the overview.”
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