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:
Taking Money Out of Your Business
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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.