As the business owner, you don’t need to do the books yourself, or even understand the finer details. But it’s vital that you understand the basics.
If you’re a business owner that has survived for any length of time then you’ve proven that you have a gut feel for the key numbers that drive your business.
But unless you start to not just understand the basics of financials, but learn to take action as a result of what they’re telling you, then you could well be setting yourself up for a lifetime of stress and frustration.
If you find it embarrassing to ask your accountant or employees basic questions, this video could well give you the vital information you need.