Here are the top 10 excuses I get for not looking at the company’s P&L and Balance Sheet:
#1. I have cash in the bank – that’s all I need to know.
#2. I like surprise tax bills.
#3. They are not accurate so why should I waste my time?
#4. I hate numbers.
#5. It’s not my thing.
#6. I didn’t start my business to look at a P&L and balance sheet.
#7. Balance sheets are worthless and a waste of time.
#8. I didn’t go to school to learn accounting.
#9. I don’t have time.
#10. I rely on my bookkeeper, accountant, or someone else to do it.
If you have more reasons, email them to me.
None of these are reasonable excuses. If you want a growing profitable business and something of value when you stop working, then get rid of these excuses! Get rid of the fear of the unknown.
The Good news – Looking at your business P&L and balance sheet doesn’t have to be about the numbers anymore.
You can have your bookkeeper update the graphs when she prepares your financial statements – you don’t even have to do the work – you look at the results.
You DON’T have to look at numbers anymore. With Financially Fit Business you can watch the graphs and see the business trends – no more looking at numbers unless your trends are going the wrong way. www.financiallyfit.business
And, we can help along the way.
Look at your financial statements. Operate your business profitably. Have an asset that significantly impacts your life and the lives of your family and employees.
How financially fit is your business?
Click here to take this one minute assessment.
Ruth King is well known as “The Profitability Master.” She is passionate about helping small business owners become profitable and stay profitable. For over 40 years she has coached, trained, and helped contractors and others achieve the business growth and goals they wanted to achieve.
Contact Ruth by emailing ruthking@hvacchannel.tv.
