What: Learn how to read the 3-4 basic financial statements.
Why: You can’t be an effective business leader if you can’t read the numbers.
How can you be an effective business leader if you can’t read the 3-4 basic financial tools that all companies use to guide them? We highly recommend this easy read because of the simple way Dawn explains them — your income statement is your speedometer, cash flow statement is your fuel gauge, and balance sheet is your oil gauge (with the statement of owner’s equity included).
Rather than paying for an accounting class online somewhere, we recommend you read this book first. Purchase from Amazon.com here.
ALTERNATIVE OPTION: If you’re more of a visual/video course learner rather than a reader, check out when the start date is for this free Coursera course on the Fundamentals of Financial Planning for small business owners.
If we at Small Business Lift can help you or your business outsource your bookkeeping or accounting, please don’t hesitate to contact us.