108. Know your numbers Part 2: What it costs to run your business with Merilee Wright

In this episode, we are back with Merilee Wright for Part 2 of the Know your numbers series where we talk all about expenses and what it actually costs to run your business.  About Merilee Wright Merilee is a former client of Rebecca’s and an accomplished business professional with a passion for coaching people and business owners to achieve their goals. Skilled in reaching business objectives through alignment of business operations and employee and customer experience, Merilee has a reputation for making an impact. She is known for building high-performing teams and driving efficiency. With over 30 years of increasingly senior roles in the consumer services, financial services, and retail industries, Merilee has a breadth of experience that includes strategy development, business operations, customer experience, coaching, and change management. Merilee has a unique ability to quickly understand complex environments and provide insight for both executive decision-making and staff implementation. When she’s not helping business owners grow their business, you can find her on her sailboat!!!   Throughout the episode, we cover what kind of items you can attribute as a business expense, what a "write-off" means, and the kinds of audits designers can encounter. I share my personal experience with being audited. Merilee also shares what is a "run rate", and how to determine it in your business.  Make friends with your numbers and your numbers will be friends with you. - Merilee Wright