Finance all a bit of a puzzle
As the Leader or Owner of a business you need to be on top of your numbers to enable informed and timely decision making, building the foundations for a resilient business. Everyone knows “cash is king”, but not everyone knows it involves a bit more than checking your bank balance every day!! Here are 5 key business finance questions to ask of yourself:
- Do you know what the 3-5 critical numbers are that drive your business?
- How well do you understand the financial information you are presented with?
- Are you making decisions based on up-to-date financial information?
- And how comfortable do you feel about what it looks like in 6-12 months time?
- When will the cash run out?
If this has highlighted any areas of concern for you, or you simply feel self-conscious because you find numbers difficult to grasp, you may want to reach out for some help.
Debbie is the friendly face of finance. Very much a people person that happens to do numbers. She coaches business owners and leaders to demystify their numbers and build the foundations for a resilient business. She has 30 years’ experience across professional practice & large entrepreneurial private business. Credentials include Chartered Accountant, CFO, GAICD, Executive & Organisational Coach and Telstra Business Women’s Award Finalist.