Episode #5 Supplement
"Demystifying your Balance Sheet Report"
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Episode #5 How to Understand Your Balance Sheet Report, and Why It's So Important to Your Automotive Business Success
Be sure to download the PDF supplement before listening to the episode.
(It will be easier to follow along with all the numbers I talk about)
Have you ever looked at your balance sheet? Did it make sense?
Do you regularly use your balance sheet to make business decisions?
Most automotive business owners focus on their Profit & Loss report, but without knowing what’s going on in their balance sheet, they're really ignoring a very important tool to help them track how their business is doing, and to get to their financial goals.
So I’m going to break down this report and make it easy for you.
No you don’t need an accounting degree and you don't need to be a wiz at math.
Shout-out to Shane Mayfield who owns Perfection Plus Detailing in Redmond, Oregon, USA