You may want to leave all things accounting to your team, but it’s a mistake.
As a business owner, you need to have a basic understanding of some key accounting fundamentals to gauge the financial health of your company — which is something you should always have your finger on the pulse of.
Understanding these numbers will also help you:
- Communicate it better with your advisors, bankers, etc.
- Better understand and communicate what your needs are for your business.
- Know which metrics and KPIs are important to watch in your business.
Dive into accounting fundamentals for business owners in this episode of TurboCharge Your Business.