Know your numbers. Numbers are everywhere, and for the most part we just ignore them. As a result unless we’re forced to pay attention to them when it comes time to do our taxes or budget for the month, numbers don’t seem interesting.
Except they are if you become less anxious about them. In other words in your business, your numbers are your best friend. To clarify they don’t lie to you, and help you in the good and not so good times.
Above all your numbers can be turned into financial ratios – consequently they can tell you a lot about your business’ health and where it could be headed in the future.
Here’s a quick guide to how to Know your numbers and using the most essential financial ratios. Subsequently you can start using your numbers to make smart decisions for your business.
To sum up numbers are a powerful tool for telling your business story. In this video, I talk about how to use financial ratios, assess financial documentation, form a view of your business, and focus on the key number areas. However, To clarify it’s important to remember that financial numbers don’t give us the full picture. That’s why it’s so important to join my Numbers Know How Financial Story Plan Community and learn more about using numbers to tell your story. With the right tools and knowledge, you can use numbers to make informed decisions that will help your business grow. What was your favourite tip from this video? Let me know in the comments below!
In the meantime, join me in my Numbers Know How Financial Story Plan Community where we’ll continue this conversation and help each other achieve our financial goals.
Are you ready to have an easier and more rewarding relationship with your numbers. My book, I Hate Numbers helps you get there.
This book will show you how to have a rewarding, productive relationship with numbers and your business. Furthermore, my book will help with that battle between the ears, that all business owners experience. Learn more and buy my book today!
Get in touch with us to help make your life easier and stress free. Contact us if you need help figuring out and sorting your numbers, creating your future financial story plans, your tax , payroll and other accounting and business matters.