#220
We're at the end of our 3-part series on reading financial statements.
By now you know that reading a financial statement is one of the most important skills of a successful business owner.
The balance sheet, one of the 3 financial statements, is crucial to understand if you want to stay in business and succeed.
The balance sheet will show you if your business has a positive net worth.
If the number on your balance sheet is too low or negative, you are most likely headed for trouble.
It will show you how much short-term cash you have on hand to cover responsibilities as well as how much long-term debt you have.
Tune in to learn a simple breakdown of the balance sheet and learn what you need to know to make informed decisions your future self will thank you for!
Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram!
Listen and grow!
Your Financial Coach,
Billy
Your Fitness Money Coach Podcast - Helping Gym Owners Build Profitable Businesses