• Understanding My Balance Sheet: An Essential Guide for Business Owners

  • Jul 11 2024
  • Length: 23 mins
  • Podcast

Understanding My Balance Sheet: An Essential Guide for Business Owners

Listen for free

View show details

  • Summary

  • Have you ever wondered why the balance sheet is such a crucial part of your financial toolkit? Today's episode dives deep into this often-overlooked report that holds the key to understanding your business's financial health. But what exactly makes it so important?


    On this episode of Become Sensible, we explore the balance sheet, dissecting its components and explaining why every business owner should pay attention to it. From assets to liabilities to equity, we cover how this financial statement reflects your business's health and why potential investors and bankers scrutinize it. You'll learn how the balance sheet interconnects with the profit and loss statement and get practical tips on maintaining a balanced sheet to secure funding and make informed financial decisions.


    Understanding your balance sheet isn't just for accountants. As a business owner, gaining insight into this report can empower you to steer your business towards sustainable growth and success.


    "A balanced balance sheet is the cornerstone of a healthy business"


    Connect

    • Follow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx.

    Hosted on Acast. See acast.com/privacy for more information.
    Show more Show less
Leadership Economics
Show more Show less

What listeners say about Understanding My Balance Sheet: An Essential Guide for Business Owners

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com reviews

Amazon reviews
No Reviews are Available