In today’s episode, we decode the balance sheet's mysteries and show you how this tool can guide your business decisions. You'll learn to check solvency, properly understand your assets, and ensure you're not just filling holes with bank loans. By the end, you'll have the confidence to use this info to your advantage.

 

What you'll hear in this episode:

03:09 Balance sheet reveals financial health in snapshot.

08:25 Pay attention to credit card, loan balances, inventory, receivables.

09:42 Are we financially healthy or relying on loans?

 

If you like this episode, check out:

What to Track in Your Books

What is CFO On Demand?

Taking Money Out of Your Business

 

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Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/

 

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.