insights
Seven Financial Metrics
Every Entrepreneur And Small Business Owner
Needs To Master I by Bernhard Schroeder, Forbes
n a meeting last week, a successful serial entrepreneur, who wants to shift to becoming a full-time investor, remarked that he was going back to school to get an MBA at the age of 45. I asked, why? The answer was surprising to me. Even though this entrepreneur had built several companies (north of $50 million in annual revenue) he felt inadequate as a potential investor. Specifically, he cited an inability to read company financial statements, including a balance sheet, etc. in order to determine a company’s health and value. This made me stop and think. How many other entrepreneurs or small business owners really understand how to read and utilize financial statements or even critical finance metrics in order to determine a company’s health and financial worth? In my career of building a $1 billion company and managing four company turnarounds,
Jodi Lynne Davies joined the banking profession in 1985 with a savings bank. In 1990 the savings bank was purchased by M&T Bank and that started her 32 year career with M&T Bank. Jodi has worked with small businesses in the capacity of a relationship manager since 1999. Her role is to help clients with lending needs, and products that help them to be successful. She provides a partnership and resource for them to access when they are taking on the world of entrepreneurship. Business and Professional Banking Office- 585-258-8346 jldavies@mtb.com Jodi Davies
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Financial Insights • 2022
