Episode 27 - How to Read and Interpret a Balance Sheet – Part 3

Episode 27 - How to Read and Interpret a Balance Sheet – Part 3

Author: The Small Business Startup School Inc. January 18, 2024 Duration: 5:45
You see when you want to buy a business, you want to take a quick snapshot of the balance sheet. This is so that - at least, when your professional advisers such as accountants are discussing with you, you can follow reasonably. Even when you already have your business, it doesn’t hurt to from time to time review your business balance sheet. So far, we’ve looked at what assets are, and in the last episode, we looked into short-term liabilities. We’ve also done a bit of introduction on long-term liabilities. I encourage you to listen to episodes 25 and 26 for a catch-up. Also, a reminder that I’m intentionally keeping these episodes on finance short as they are meant for non-finance businesspeople, and I do appreciate it can be a lot to take in from that perspective. This episode continues with what long-term liabilities are. And it is part of an ‘8-series’ show on how to read and interpret balance sheets. This is part 3.     Connect with the host, Ola Williams: Website: https://bit.ly/3rxixue Instagram: https://bit.ly/3Qc5qH9 Linkedin: https://bit.ly/3Mbtzwz Let’s chat! https://bit.ly/3MBwLSt

If you're stepping into the world of entrepreneurship, the sheer volume of advice can be overwhelming. The Small Business Startup School-Business Notes | Financial Literacy | Retail Psychology-For Professionals & Entrepreneurs cuts through the noise by focusing on the fundamental patterns that define successful ventures, regardless of your specific industry. Host Ola Williams draws from her own journey as a retail entrepreneur and fintech founder, along with her background as a financial coach, to offer a unique blend of pragmatic financial literacy and insightful retail psychology. This isn't about abstract theory; it's about the tangible strategies and mental frameworks you can apply directly to your own plans and operations. Each episode feels like a focused conversation, unpacking practical solutions for the real hurdles founders face, from managing cash flow to understanding customer behavior. The goal is to build a foundation of confidence, equipping you with the timeless principles needed to navigate the unpredictable path of building or buying a business. Tune in for a deeply practical resource that marries numbers with human nature, all delivered with the grounded perspective of over twenty years in the trenches. This podcast from The Small Business Startup School Inc. serves as an essential companion for turning your professional aspirations into a sustainable reality.
Author: Language: English Episodes: 46

The Small Business Startup School – Business Notes | Financial Literacy | Retail Psychology – For Professionals & Entrepreneurs
Podcast Episodes
Episode 25 - How To Read And Interpret A Balance Sheet - Part 1 [not-audio_url] [/not-audio_url]

Duration: 7:00
Do you find accounting intimidating? Or even boring? But then, hardly can we do any business without accounting. And of course, you can hire the right staff to do the technical bit for you. But, you may still find it ben…
Episode 24 - Saving Time Using Personal Finance Apps – 2 [not-audio_url] [/not-audio_url]

Duration: 7:36
Imagine a car with no gas gauge- this means you buy gas and use it with no tracking of usage. What do you think will happen if you miscalculate and your car stops due to zero gas while on your way to an important appoint…
Episode 23 - Saving Time Using Personal Finance Apps – 1 [not-audio_url] [/not-audio_url]

Duration: 7:25
For over 5 years now, I’ve been researching how to save time by tracking personal finances. And my thought process is this: if we can track gas in our cars, which saves us time by letting us know how much gas we have in…
Episode 22 - How To Use ChatGPT In Your Business As A Beginner [not-audio_url] [/not-audio_url]

Duration: 27:32
In the ever-dynamic world of entrepreneurship, staying ahead means being in the know. Are you looking for some chatbot discussions, artificial intelligence podcasts, or simply a GPT podcast? Well, you’re in the right pla…
Episode 21 - Networking Tips For An Introvert [not-audio_url] [/not-audio_url]

Duration: 26:11
“People go - I have 1,000 followers - and you want to go -That's wonderful! Are you talking to them?” --- Dalene Allen Have you ever been to an event, and there's this period of small talk where you find yourself alone?…
Episode 20 - Why Solopreneurs Should Use Manifestation Cards [not-audio_url] [/not-audio_url]

Duration: 6:36
If you believe that one of the primary reasons we are here is to connect, then you would also know that listening to insights from others is wisdom. Especially insights that resonate with you. Manifestation cards are a g…
Episode 19 - How to Balance Liquidity and Profit For a Small Business [not-audio_url] [/not-audio_url]

Duration: 8:04
Do you, your friend or your family member know a store that seemed to be doing well but suddenly closed shop? Did you wonder why they closed up as you had noticed they were busy? Did you wish they hadn’t closed up as the…
Episode 18 - Practical Tips For Starting Or Buying A Small Business [not-audio_url] [/not-audio_url]

Duration: 10:16
These days, one of the questions I get asked more and more is about starting or buying a small business. My DM is full of them. Also, when I’m at events, that’s what people pull me out to ask. I also get a lot of calls j…
Episode 16 - Be Kind or Be Nice? [not-audio_url] [/not-audio_url]

Duration: 8:12
In this new episode I introduce the concept of kindness and Niceness from the lens of being fair using a story someone told me. The story is about a lady named Pat who wanted to be served to her liking, without considera…