WIN IN WEALTH

What If Your Gut Feeling Is Costing You Millions?

Featuring Jim and Mimi Dew | Dew Wealth Management

How Jim & Mimi Dew Use the Power of the P&L to Build—and Scale—Intelligently

Entrepreneurs are known for their gut feeling.

That instinct—that inner knowing—that pushes us to take bold risks, pivot fast, and seize opportunities.

And while gut feeling matters, Jim and Mimi Dew, founders of Dew Wealth Management and longtime Wellspring members, made one thing clear at this year’s Business Summit:

“Your gut can take you far… but if you don’t understand your numbers, you’re leaving millions on the table.”

You Wouldn’t Fly Without Instruments

Jim used a simple but powerful illustration:

“Even the best pilots rely on their instruments. You wouldn’t get in a plane—no matter how strong your gut feeling—and fly blind.”

Yet that’s exactly what many business owners do every day when they make decisions without a clear view of their numbers.

And it’s costing them—in revenue, in profit, and in the value of their future exit.

The 3 Types of Entrepreneurs When It Comes to P&Ls:

• The Avoider – “That’s accounting stuff. My bookkeeper handles it.”

• The Checker – Glances at the P&L occasionally and assumes if the bank account looks good, everything’s fine.

• The Owner – Knows their numbers deeply. Uses a forward-looking, model P&L to guide decisions and scale strategically.

Jim and Mimi weren’t always in the third category. It took them 10 years of trial and error to fully build and trust their model P&L. But now?

“Every key decision in our company—hiring, compensation, expansion, operations—flows through that model,” Mimi said.

Examples From the Trenches

Their model P&L has helped them:

Know exactly when to hire a COO—and when it would be too early.

Justify above-market salaries to attract top advisor talent.

Replace expensive outside recruiters with an in-house recruiting funnel (including 1,500+ applicants for one role).

Reduce IT costs by hiring internally instead of outsourcing.

All of these were strategic decisions backed by data—not just gut feeling.

Are Your Numbers “Good”? It Depends.

Here’s a key insight Jim dropped:

“A 35% operating margin sounds great—but compared to what? For a grocery store, that’s insanely good. For a luxury brand, it’s terrible. Context matters.”

If you don’t know your benchmarks, your numbers can’t tell you what to improve—or how close you are to maximizing value.

The Takeaway

Your gut feeling is a gift.

But without clarity from your numbers, it can lead you off-course.

A strategic, forward-looking model P&L helps you:

Make smarter, faster decisions

Spot hidden opportunities

Avoid over-hiring or under-investing

Maximize the long-term value of your business

(Their stories will challenge how you think about gut instinct vs. data-driven leadership.)

And if you’re looking to surround yourself with high-level, high-capacity Christian leaders who can help you grow and scale in every area of life—not just business—

👉 Click here to learn more about The Wellspring

Let’s keep winning—together.

—Pete

One of the greatest ways to truly win in life is by surrounding yourself with the right people.
Click Here to discover The Wellspring—a community of Christ-centered entrepreneurs winning in all 5 domains of life: Faith, Relationships, Business, Health, and Wealth.