Balance sheet explained
24 April 2024
|By Emma Newhook
Refer to our handy cheat sheet when reading your balance sheet as it’s important to keep an eye out for any figures that may require further investigation.
- Who we are
- Kept awake at night
- I’m worried my business will run out of cash
- I’m annoyed at the lack of interest
from my existing accountant - I’m worried we’re paying too much tax
- I’m spending too much time IN the business
and not enough time ON it - I’m not spending enough time with my family
- I don’t know where we’re going with the business
- Who’s going to buy my business?
- I’m not enjoying my business like I used to
- I think we should be more profitable
- I feel lonely in my business
- We don’t have the confidence to take
the business to the next level - The business can’t survive without me
- I’ve set up a new business and need help
with the financials - I feel an overwhelming sense of responsibility for my team
- I don’t know what my business is worth and whether it’s enough for me to retire
- I know we’ve got a great business but can’t seem to make any money!
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