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Episode 161 – Behind the Numbers: Decoding the Finances of a Boutique Service Firm

Pro Serv Podcast by Collective 54

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Understanding Financial Metrics for Business Valuation

This chapter explores key financial concepts crucial for valuing boutique service firms, focusing on the role of owner's compensation in financial statements. The discussion also clarifies the differences between operating expenses and ad backs, and advocates for accrual accounting to enhance the understanding of business performance.

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