The Three Pillars
THE THREE PILLARS - BORING EPISODE ALERT - DO NOT LISTEN This episode is NOT for everyone. Few entrepreneurs know what the THREE PILLARS of financial reporting are, and even fewer know how to interpret them. These entrepreneurs never make a profit. They do not create value in their company. They are constantly out of cash.
THE THREE PILLARS - BORING EPISODE ALERT - DO NOT LISTEN This episode is NOT for everyone.Few entrepreneurs know what the THREE PILLARS of financial reporting are, and even fewer know how to interpret them. These entrepreneurs never make a profit. They do not create value in their company. They are constantly out of cash.
THE THREE PILLARS
PAST - Profit & Loss
PRESENT - Balance Sheet
FUTURE - Cash Flow Forecast
In this episode we are going to DEEP DIVE into each statement to make it explicitly clear how to understand and interpret each. You may not want to know this BUT YOU NEED TO!
Do not rely on your Accountant as they do not know how to use these in your business.
Successful Entrepreneurs are fluent in finance. You MUST be too.
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