[New] The big takeaway: don’t

Wait

Don’t wait until a relationship breaks down or a loved one urgently needs you. Don’t wait until the wheels have fallen off your business because you never fully understood what makes them turn.

The ideal scenario is that your data is organised to such a high level that, at any time, you can glance at your reports and immediately know the state of your own affairs.

WITHOUT needing an appointment with your accountant, or for your bookkeeper to run a report.

Ready to jump into a Google Search? Here’s some go-to terms for you:

• Profit & Loss Statement

• Balance Sheet

• Chart of Accounts

Get to know what these terms mean, and more importantly, what they mean in the context of your own business. Find them, make them your own and become fluent in them.

This can seem daunting at first - don’t get deterred by the jargon. If you’re not ready to fly solo, you can always book a session with me. I can give you a guided tour of your business finances, explain the lingo in real world terms and help you connect the dots inside your own numbers. Just head over to my booking page Free Strategy Session with Liz to get started. Speaking from experience: you’ll be surprised at just how much you actually know.

Disclaimer: These are yuck and boring but unfortunately a legal requirement for professionals in my industry. So just a reminder, the information contained here is general in nature and you should seek financial and business advice tailored to your own personal circumstances. Which, by no small coincidence, I can help you out with.

Head over to my website and book a free 30 minute chat with me betterbusinessdecisions.com.au