Understanding the Cash Flow Statement: Your Business’s LifelineA Cash Flow Statement tracks how money moves in and out of your business. Unlike a Profit & Loss Statement, which shows profitability, the Cash Flow Statement tells you if you actually have cash available to run operations, pay expenses, and invest in growth.What trips business owners up the most is when you’re…

What is a Balance Sheet?A Balance Sheet is one of the most important financial statements for any business. It provides a real-time snapshot of what your business owns (assets), owes (liabilities), and the value left for owners (equity). I like to think of it as my businesses’ net worth calculator.How to Read a Balance SheetA Balance Sheet is divided into three…

Breaking Down the Profit & Loss Statement (P&L) If you’re a business owner, understanding your Profit & Loss Statement (also called the Income Statement) is crucial for financial success. This document tells you if your business is making or losing money over a specific period—monthly, quarterly, or annually. Let’s break it down in simple terms.How to Read a Profit &…

Chasing profitability can feel like a losing battle for many businesses. What I see most in clients and potential clients is that they haven’t built a long-term financial strategy for their businesses. Instead they’re just trying to make it the next closest milestone by doing so they are in a constant state of barely getting their head above water. In…

Let’s get real about buying a small business – it’s exciting but also terrifying if you don’t know what you’re walking into! As a CFO who’s guided numerous clients through growth and due diligence, I can tell you that proper due diligence is what stands between you and inheriting someone else’s problems (yikes!).In this comprehensive guide, I’ll walk you through…