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Having met many small business owners, we are impressed by how many walks of life you entrepreneurs come from. Whether you're background is engineering, or waiting tables, or maybe stay-at-home mom or dad, you've managed to find a way to start and run a business.
Not an easy feat!
Now you’re responsible for the successful execution of your business to ensure a steady stream of income for you and your partners. Whether you're relatively new to owning a business or you're a seasoned veteran, you have to make business decisions, and it's critical that your decisions are informed. Experience will help you build intuition in running your company. Good financial data consistently analyzed and used can not only fast-track that intuition-building, but it will give both new and seasoned owners alike the ability to navigate the opportunities and pitfalls of operating their business.
Given the various backgrounds of business owners, we understand that many of you have not been exposed to financial reporting and may not know how to unpack that data to find trends and key insights. Understanding and analyzing your financials is a fundamental way of looking under the hood or checking the pulse and health of your company.
With that said, we set up this mini-series to not only introduce you to the primary financial statements, but also how they are interconnected and how you can easily use them to identify insights needed to make informed business decisions.
