Do your eyes glaze over when someone mentions balance sheets and profit & loss statements? You’re definitely not alone! In this eye-opening episode, I want to shake off the “boring” stigma and prove that understanding your business' financial reports isn't just a necessary evil—it’s the game-changer for smarter decisions, higher profits, and future growth.
What’s Inside?
The three essential financial reports every business owner MUST have… and why skipping them is like flying blind.
Straightforward breakdowns: What’s a balance sheet, and why is a cash flow statement your business’ lifeline?
Some of my favourite tools (spoiler: Xero and QuickBooks get shoutouts!) to automate and simplify your reporting—no number-crunching headaches required.
How to find and track the financial metrics that matter most for YOUR business, not just copycat numbers from others.
Step-by-step tips on analysing your data: Discover easy methods like trend spotting, benchmarking, and scenario planning to steer your business in the right direction.
“Don’t try to mirror everyone else”—let's talk about the reality check on industry comparisons and how to avoid risky debt decisions.
Why Listen? By the end of this episode, you’ll be equipped to:
Demystify your numbers, even if spreadsheets aren’t your thing.
Use reliable data to spot issues before they become costly problems.
Build a simple, actionable reporting and analysis routine that helps you predict, adapt, and grow with confidence.
What’s Next? Ready to finally take charge of your finances (without falling asleep at your desk)? Hit play now! Review your own business reports, identify your key numbers, and start harnessing those “boring” insights to create a stronger, more resilient business.
Let’s make the numbers your secret weapon—listen to the full episode and set yourself up for financial success. You’ve got this!
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
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