Dawn talks with Nolan Bradbury, the Founder & CEO of Bradfield Accounting. Nolan is a seasoned professional with a passion for helping business owners achieve their dreams through sound accounting and financial strategies. Dawn and Nolan talk about financial reports why you should run them, and why they're important.
In this episode…
Who is Nolan Bradbury and whom does he serve? (00:55).
Accounting and financial reporting issues at The Blaze (1:28)
What are some of the reasons people have given you for not liking accounting? (2:39)
what are the most important financial reports that every business owner should at least be running regularly? (5:01)
Is focusing on the balance sheet more beneficial than the profit and loss statement for identifying struggling areas in your business? (6:40)
Importance of cash flow statements, especially in light of issues like delayed funding from credit card transactions? (8:29)
What level should a business do projections and what are they useful for.? (10:22)
Importance of basing financial projections on evidence or facts, especially considering the prevalence of unrealistic revenue targets promoted in marketing and social media? (12:14)
How are varying profit margins for different aspects of a business reflected in financial reports that many of us aren't actively monitoring? (16:36)
What are the consequences of neglecting accounting and financial reports, especially if we're only engaging with accountants or bookkeepers annually for mandatory filings like Schedule C or K-1? (18:22)
How can we shift our mindset towards embracing accounting and financial management, especially if we're not operating as a multi-million dollar company, to recognize its positive impact on our business growth over the long term?(20:29)
Do you believe that balancing aggression in one aspect of your ventures and defensiveness in another contributes to maintaining perspective and resilience during challenging times when results seem slow to materialize?(24:05)
Nolan Bradbury’s Information.
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