Financial Info You Need To Know – Part 2 (Balance Sheets)
S4 EP6: Financial Info You Need To Know – Part 2 (Balance Sheets) In this episode of the Powerhouse Fence Show, we continue our breakdown of the financial information every business owner should understand. Last episode we covered the basics — revenue, cost of goods sold, margins, expenses, and how to read a Profit & Loss statement. In this episode we move to the other critical financial document many contractors overlook: the Balance Sheet. We break down assets, liabilities, equity, working capital, and key financial ratios in simple terms and explain why a company can show profit but still run out of cash. If you run a business and don’t understand your financial statements, you’re operating blind. This episode will help you better understand the true financial health of your company. Make-A-Wish: https://secure2.wish.org/site/TR/WishYourWay/Make-A-WishMid-South?px=11162554&pg=personal&f… PARTNERS: Thornton Fence/Business Consulting: https://fenceconsultinggroup.com Thornton Skool: https://www.skool.com/fencelinetosuccess/about FenceNews: https://fencenews.com EZG Manufacturing: https://ezgmfg.com mySalesman: https://mysalesman.com **** EFP Facebook Group: https://www.facebook.com/share/g/1CdjxbcxGQ/