“I nee
d to clean up my books.”
This was a comment a contractor made to me at AHR last week. He didn’t look “thrilled” about doing this so I asked him, “Do you need to or WANT to clean up your books”? No answer.
Needing to and wanting to are different.
Here are the top 10 reasons to WANT to look at your company’s P&L and Balance Sheet:
#1. I want to see how profitable I am.
#2. I want to see the trends for my business and make sure they are headed in the right direction (Financially Fit Business software instantly gives you the trends).
#3. I want to spot profitability, productivity and cash flow issues before they become a problem.
#4. Looking at financial statements helps keep me on track. They are my score card.
#5. It only takes 10 minutes a month.
#6. I want to keep my bookkeeper on her toes knowing that I am looking at the statements and asking questions.
#7. I want to see whether I’m headed for a collections or accounts payable issue.
#8. I want to make sure my gross margin is staying within the range I set.
#9. I want to know that my working capital is headed in the right direction.
#10. I want to sleep better at night.
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.
