In this episode of the Modern Direct Seller Podcast, I catch up with my longtime friend Parker Stevenson—author of Profit Pillars and co-owner & CEO of Evolved Finance. Parker shares his journey from rock bands to bookkeeping and why understanding your numbers is key, especially for direct sellers. We chat about the importance of tracking profit, separating personal and business finances, and how focusing too much on sales volume can be misleading. Plus, we celebrate the launch of his new book, which makes managing your business finances feel totally doable. If numbers aren’t your thing, you’ll walk away from this episode with a fresh perspective!
Time based notes:
- 0:30 Meet Parker Stevenson
- 5:41 Parker’s New Book: Profit Pillars
- 10:30 The Difference Between Sales Volume, Revenue & Profit
- 15:21 What to do with Your Numbers & Data
- 19:11 How Often Should You Look at Your Numbers?
- 23:16 Finance Mindset & Skill Building
- 27:57 Take a Look at the Bigger Picture
- 30:20 Connect with Parker
- 32:03 Sponsor Message
From Rock Bands to Rocking Your Finances: How Parker Stevenson Built Profit Pillars
Recently, I had the chance to sit down with my longtime friend Parker Stevenson, co-owner and CEO of Evolved Finance and author of Profit Pillars. Parker’s journey from aspiring rockstar to finance expert is a fascinating one, and his insights are exactly what we need—especially as direct sellers trying to make sense of our numbers.
From Rock Star Dreams to Financial Guru
Parker and I go way back, long before we ever thought about finances or business ownership. Back in the day, Parker was all about music, playing in a band, and chasing that rockstar life. When the band life didn’t pan out, Parker shifted gears, working in the golf industry, where he discovered a knack for numbers. That realization eventually led him to partner with friends to grow a small bookkeeping business into what’s now Evolved Finance, helping online business owners get a handle on their books.
Why Your Numbers Matter More Than Sales Volume
In our conversation, we dive into something I know a lot of direct sellers struggle with—understanding the numbers behind the business. It’s easy to focus on top-line sales numbers because they feel exciting and give us that instant ego boost. But Parker explains why it’s more important to track what actually matters: Your commission and profit.
For example, if you sell $1,000 worth of products in a month but only earn 25% commission, that’s $250 in income. And that’s just the beginning—if you’re spending on samples, shipping, or marketing, your actual profit could be even lower. Parker reminds us that understanding these numbers helps us avoid the trap of focusing only on sales volume and ensures we know what’s really hitting our bank accounts.
Separating Business and Personal Finances
One of Parker’s biggest tips is to separate business and personal finances as early as possible. Even if you’re not ready for a business checking account just yet, using a separate debit card or credit card for your business purchases can make a world of difference. When your business finances are all mixed in with personal expenses, it becomes overwhelming to track—and that’s when things get messy.
Tracking Profit Doesn’t Have to Be Complicated
Parker emphasizes that managing your business finances doesn’t have to be hard or scary. He recommends starting with a simple spreadsheet to track your income and expenses. If you only have a few expenses each month, this is an easy way to stay organized. Eventually, as your business grows and bookkeeping gets more complex, you can upgrade to software like QuickBooks—or better yet, hire a bookkeeper to handle it for you.
He also warns that even though bookkeeping software may seem like an easy solution, it can lead to trouble if you’re not familiar with accounting principles. Small mistakes can cause big headaches at tax time, so Parker recommends using spreadsheets until you’re ready to hand things off to a pro.
How Often Should You Look at Your Numbers?
We also talk about how often direct sellers should be checking in on their numbers. Parker suggests looking at your finances at least once a month. If you’re doing your own bookkeeping, set aside time to download bank statements and update your spreadsheet. For those working with a bookkeeper, a monthly review of your profit-and-loss statement (P&L) is usually enough to spot any trends or issues.
I love how Parker encourages us to get comfortable with our numbers, even if it’s a little intimidating at first. It’s not about living and breathing spreadsheets, but about staying informed so you can make better decisions and avoid surprises.
Shifting from Monthly Sales to the Big Picture
Another great takeaway from our conversation is the importance of looking at your business beyond the typical month-to-month cycle that most direct sales companies use. In direct sales, dashboards reset every month, which can make it hard to see the bigger picture. But Parker and I agree—taking a quarterly or yearly view of your business gives you a much better understanding of trends, seasonality, and growth.
Owning Your Business Finances with Confidence
Parker’s new book, Profit Pillars, offers a fast-track guide to understanding your business finances without all the complicated jargon. Whether you’re just starting out or looking to grow, the book lays out a simple framework for managing your money, tracking profit, and building a financially healthy business.
At the end of the day, Parker reminds us that learning to manage our finances is a skill—just like selling, marketing, or anything else we’ve had to figure out along the way. And the sooner we embrace it, the sooner we can take control, make smarter decisions, and build a business that truly works for us.
Grab Your Copy of Profit Pillars
I’m so excited that this episode is dropping right on Parker’s book launch day! If you’re ready to take control of your business finances, head to your favorite bookstore or visit Evolved Finance to grab your copy of Profit Pillars.
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