"I know how successful my business is by looking online at my bank account."
When someone tells me this with a straight face, I am immediately nervous. It just isn’t possible. Financial statements give a more complete picture of the business' health. If you don’t know how to read financial statements, you’re in trouble. Period.
When someone tells me this with a straight face, I am immediately nervous. It just isn’t possible. Financial statements give a more complete picture of the business' health. If you don’t know how to read financial statements, you’re in trouble. Period.
"But,
I’m not a numbers person."Is not the thing to say to a bank when you are trying to get a loan.
"I’m
a big-picture thinker. Numbers just bog
me down."
Is not what you tell your vendors when you haven't paid them.
Is not what you tell your vendors when you haven't paid them.
"I’m
better at marketing."
Is not what you say to your one employee when their payroll check bounces
Is not what you say to your one employee when their payroll check bounces
"I’m not a “business person.” (Yes, I've actually heard this from business owners.)
Is not what you say when the IRS levies your account to pay back taxes owed by the business you own.
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