Sloan Creative

Small Business Consulting, Photography, Family History, Quisquilia

Financial statements and the Beatles- Let it be

It seems to me, that most small business owners glance at their operating statements every few months to make sure that:

  • They are accurate
  • They’ve got enough receivables to cover their payables
  • Their expenses have not gotten out of line

This is certainly enough to keep the business running and moving forward. but is it all that operating statements can offer?

3 questions:

  • Deep down, do you think that only bankers and CPAs really care about financial statements?
  • When was the last time you looked at the ratios between various parts of your balance sheet and you’re operating statement? The current ratio? Return on investment? Return on sales?
  • Before you make decisions about how you and your staff spend your time, do you ever look at your balance sheet?

Whispers

Your financial statements, are speaking (well, maybe whispering) words of wisdom (Let it be. Let it be.). Are you listening?

Amid the clang and bang, steam and heat of the daily busy-ness of business, how can you?

Financial statements -just numbers
Double entry bookkeeping and its resulting reports, financial statements, were first codified by an Italian mathematician, Luca Pacioli.

If you are not a math person (and how many entrepreneurs are?) they probably don’t speak very clearly to you. If we were so great at math we’d all be well-paid engineers! Alas, we need a translator.

A new view

I’ve developed a new tool that allows mere mortals, like us, to hear, even see, what our financial statements are trying to tell us about our current situation, strategic direction, and priorities for today and tomorrow.

Wouldn’t you want to listen to the best source of insider information about your business? To hear not only what your customers are saying with their voices, but what they are saying with their pocketbooks?

Free sample
if you’d like to start listening to your financial statements in a new way, contact me for a free half-hour sample consultation.

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