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!
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My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.