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This Laundrette Business is a Success! But the Entrepreneur doesn't know the numbers...

James Sinclair's Business Broadcast

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Importance of Financial Management for Entrepreneurs

The chapter emphasizes the significance of entrepreneurs understanding financial numbers, producing monthly profit and loss statements, and interpreting financial data to make informed decisions. It discusses the use of Quickbooks for financial management, the role of credit control persons, the structure of board meetings, and the importance of non-executive directors for accountability and impartiality in businesses.

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