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As a business owner reading and understanding financial statements may not be your favorite or even genius thing to do, but understanding these documents (even on a fundamental level) is vital to understanding the direction your business is headed and what action steps you can put in place to steer the company in a particular (desired) direction. In episode #59, Financial Expert Jim Dygert shares the basics to understanding the balance sheet and the income statement so you can begin to predict your cash flows and make more informed decisions that will lead to more profits.
By Chad Lefevre & September DohrmannAs a business owner reading and understanding financial statements may not be your favorite or even genius thing to do, but understanding these documents (even on a fundamental level) is vital to understanding the direction your business is headed and what action steps you can put in place to steer the company in a particular (desired) direction. In episode #59, Financial Expert Jim Dygert shares the basics to understanding the balance sheet and the income statement so you can begin to predict your cash flows and make more informed decisions that will lead to more profits.