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Why do so many businesses struggle with cash flow—and how can you avoid the same fate? In this episode, Steve reveals one of the biggest hurdles he sees business leaders face: a lack of financial literacy. But it's not about complex accounting—it's about understanding the story behind the numbers so you can take action.Steve shares his journey of learning the basics of finance and why getting these fundamentals right could be a game-changer for your business. From income statements to balance sheets, he breaks down the essentials that all business owners need to know. Tune in to learn how understanding your numbers can help you make smarter decisions and set your business up for long-term success.Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.Support the show
Stock-based Compensation (SBC) has been a hallmark of the SaaS and Cloud industry since the early days. Stock Options, Restricted Stock Units, Strike Price, and vesting periods continue to be a key discussion point for potential hires. Today's episode covers how Stock-based compensation impacts Operating Expenses on the Income Statement...and how SBC can impact SaaS metrics.Dave "CAC" Kellogg and Ray "Growth" Rike dive into the details of Stock-Based Compensation in today's episode including:What is Stock-Based Compensation (SBC)How does a company pay/account for SBCWhat kind of expense is Stock-Based CompensationWhere does SBC show up on an Income StatementHow can SBC impact SaaS metricsStock-Based Compensation can be a very complex and nuanced topic, but if you are a SaaS executive, a SaaS employee with stock options, or a SaaS company investor, this conversation and episode is full of detailed insights.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This episode delves into Cash Flow Statements, stressing they are the most important financial statement for investors – truly, Cash Flow is King. Learn why reported Profit can be misleading compared to actual cash in the till. We break down the three key components: Operations (CFO), Investing (CFI), and Financing (CFF). Discover how to analyze crucial ratios like CFO to Profit (PAT/EBITDA) to spot weak businesses or potential accounting issues. Understand Free Cash Flow (FCF) and how cash flow connects to the Balance Sheet and Income Statement. Finally, learn about industries where cash flow analysis is not applicable. Essential knowledge for any fundamental investor!
Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.The FASB's new disaggregation of income statement expenses (DISE) standard requires disclosures about specific types of expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses. In this episode, we explore the scope, key provisions, and practical challenges of implementing the new standard.In this episode, we discuss:2:32 – Overview of FASB's DISE standard5:00 – Which entities are impacted by the new requirements7:53 – Key disclosure requirements, including tabular reporting13:26 – Challenges in disclosing inventory-related expenses20:07 – Use of estimates and data limitations in reporting27:33 – Transition timeline and practical steps for implementationFor more information, see our publication, FASB issues new disaggregated expense disclosure requirements (DISE). Additionally, follow this podcast on your favorite podcast app for more episodes.About our guests:Angela Fergason is a partner and standard setting leader in PwC's National Office who specializes in accounting for revenue and employee compensation arrangements. She also consults on a range of financial reporting issues impacting technology companies. Gary Sardo is a partner in PwC's National Office who specializes in financial reporting matters that impact health industries and, more broadly, consults on a range of accounting topics, including acquisitions, divestitures, consolidation, and revenue recognition. Prior to this role, Gary completed a two-year fellowship at the FASB. About our host:Guest host Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.
Confused on what to do with your Year Ending Profit & Loss Income Statement? Let's walk through 5 key areas you want to focus on to make sure you can grow your sales and your profits in your small business. I promise, we will make it nice and easy. :-) ______ DIVE IN DEEPER & LEARN MORE ABOUT YOUR NUMBERS
417: Am Beispiel von Palantir führt Pip detailliert durch Income Statement, Balance Sheet und Cash Flow Statement und erklärt, was die einzelnen Positionen bedeuten und warum es überhaupt 3 Berichte braucht. Worauf achtet Pip beim Lesen der Zahlen besonders? Was steckt auf Yahoo Finance unter Valuation Measures & Financial Highlights? Wieso berechnet Pip in unserem Sheet kein Discounted Cash Flow (DCF) Modell? Entdecke die Angebote unserer Werbepartner auf doppelgaenger.io/werbung. Vielen Dank! Philipp Glöckler und Philipp Klöckner sprechen heute über: (00:00:00) Intro (00:05:55) Earnings Report (00:19:00) 3 Pflichtbestandteile (00:20:45) Income Statement: Gewinn- und Verlustrechnung (00:50:45) Balance Sheet: Bilanz (01:04:40) Cash Flow Statement: Kapitalflussrechnung (01:13:40) Non Gaap (01:16:30) Free Cashflow (01:17:40) Adjusted Ebitda (01:19:30) welche Kennzahlen schaut Pip sich an (01:25:00) Discounted Cashflow (01:35:15) Enterprise vs Equity Value Shownotes Palantir CEO Nordic Walking: Youtube
Why on Earth Do You Need a Profit & Loss Statement? Why are they so difficult to understand? Maybe these 10 things can help you understand why a profit and loss statement is so critical to your small business and how you can use it to make more profit in your small business! ______ DIVE IN DEEPER & LEARN MORE ABOUT YOUR NUMBERS
Send us a textIn this episode, Steve discusses the crucial connection between strategy and finance, highlighting why financial literacy is key to business success. With 82% of business failures attributed to poor cash flow, he explains the importance of understanding financial statements—such as the income statement, balance sheet, and cash flow statement—to avoid costly mistakes. Drawing from his experience at Coltivar, he shares strategies to combine mission and money, improve cash flow, and boost profitability. Whether you're a business owner or leader, these insights will help you tackle financial challenges and unlock growth potential.Disclaimer:The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.coltivar.com/privacy-policy-and-terms-of-use for additional important information. Support the show
Are you making the same costly mistakes in your business without even knowing it? In this episode of "Boosting Your Financial IQ," we dive deep into the three essential financial statements every business owner must know: the income statement, balance sheet, and statement of cash flows. Learn how to leverage these tools to drive profitability, assess financial health, and maximize firm value. Ready to elevate your financial literacy? Visit BYFIQ.com and join our Financial Pro Mastery Program for more in-depth training.Support the Show.
Key Takeaways: Monthly Book Reviews: Allocate time monthly to review financial statements including balance sheets, income statements, and statements of cash flows to understand your business's profitability. Quarterly Financial Checkups: Conduct in-depth financial assessments quarterly, focusing on tax planning and ensuring you meet financial goals and compliance. Annual Financial Review: Ensure financial records are comprehensive and accurate for tax filing and strategic year-end planning with your CPA or financial advisor. Financial Discipline: Regularly reviewing your finances can uncover potential issues early, enabling proactive adjustments and preventing larger problems. Practical Tips for Maintenance: Adopt a systematic approach with manageable, consistent reviews to maintain financial health and reduce end-of-year stress. Chapters: Timestamp Summary 1:23 Why People Avoid Reviewing Their Books Until Year-End 3:27 Importance of Knowing Your Business Finances for Growth 3:48 Helpful Tips to Trick Your Mind into Doing Tasks 4:19 The Importance of Regularly Reviewing Your Business Books 5:49 Monthly and Quarterly Financial Reviews for Profitability and Tax Planning 7:40 The Importance of Maintenance in Reducing Stress and Anxiety 8:09 Financial Planning and Accountability for Year-End Success Powered by ReiffMartin CPA and Stone Hill Wealth Management Social Media Handles Follow Phillip Washington, Jr. on Instagram (@askphillip) Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/ Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together! WBMS Premium Subscription Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
Capitalizing a purchase vs expensing it can be understood by looking at the differences between the Income Statement and the Balance Sheet. Let's check it out!For recruiting help, join the WSO Academy waitlist today!Contact: investmentbankinginsights@gmail.com
The Weekly Blitz is brought to you by our friends over at Shop Marketing Pros. If you want to take your shop to the next level, you need great marketing. Shop Marketing Pros does top-tier marketing for top-tier shops. Click here to learn more about Top Tier Marketing by Shop Marketing Pros and schedule a demo:https://shopmarketingpros.com/chris/Check out their podcast here: https://autorepairmarketing.captivate.fm/If you would like to join their private Facebook group go here: https://www.facebook.com/groups/autorepairmarketingmastermindIn episode 171 of the podcast, Chris Cotton from Auto Fix Auto Shop Coaching introduces Murray Voth from RPM Training. They discuss the importance of using the term "service rate" instead of "labor rate" to enhance customer perception. Murray emphasizes the need for a business mindset among shop owners, highlighting the potential for profitability and the importance of accurate financial statements.They also address challenges like tax issues and the psychological aspects of investing. The episode concludes with a discussion on coaching approaches, financial management, and a mutual appreciation for their collaborative efforts in the automotive industry.Introduction and Overview (00:00:01) Introduction to the podcast episode and the speakers, Chris Cotton and Murray Voth.Marketing Strategies (00:01:06) Discussion on tailored marketing solutions and how to elevate the brand to attract new customers.Change from Labor Rate to Service Rate (00:02:09) Murray Voth introduces the concept of changing from labor rate to service rate and its impact on customer perception.Consumer Inquiries and Response (00:05:28) Guidance on responding to consumer inquiries about labor rate and the use of "service rate" or "facility service rate."Mindset of Shop Owners (00:09:46) Exploration of the mindset of shop owners and the need for a shift from a technician's identity to a business owner's mindset.Business Investment and Real Estate (00:14:11) Discussion on the interest of investors in auto repair businesses and the value of real estate associated with the shops.Commitment and Mindset Shift (00:16:07) Exploration of the commitment versus interest in coaching and the importance of mindset shift for shop owners.Analogies and Shop Improvement (00:17:23) The use of analogies to help shop owners understand their businesses as "fixer-uppers" and the need for a different perspective.Emotional and Psychological Baggage (00:19:19) Acknowledgment of emotional and psychological factors that influence business decisions and ownership.Investing and Self-Made Millionaires (00:19:57) Discussion on the cost of investing in the stock market and the myth of self-made millionaires.Tax Problems and Profit First (00:20:57) Conversation about tax issues, creating a holding company, and utilizing the profit-first approach.Struggling Shop Owners and Industry Help (00:21:37) Concern for struggling shop owners post-COVID and the increase in sales among clients.Mindset Shift and Attracting Clients (00:23:04) The impact of mindset on attracting clients, differentiation between blue-collar and frugal mindsets.Pathologically Frugal Shop Owners (00:24:10) Discussion on the impact of a frugal mindset on equipment, marketing, and attracting similar clients.Corporate Profit and Small Business Mindset (00:27:23) Exploration of the fear of profit in small business and the historical context of corporate profit abuses.Investment Return and Business Value (00:33:08) Understanding the return on investment in business and the value accumulation over time.Accounting and Business Evaluation (00:37:29) The importance of accounting in understanding business value and preparing for a business sale.Income Statement and Account Catch-Up (00:39:30) Discussion...
The Weekly Blitz is brought to you by our friends over at Shop Marketing Pros. If you want to take your shop to the next level, you need great marketing. Shop Marketing Pros does top-tier marketing for top-tier shops. Click here to learn more about Top Tier Marketing by Shop Marketing Pros and schedule a demo:https://shopmarketingpros.com/chris/Check out their podcast here: https://autorepairmarketing.captivate.fm/If you would like to join their private Facebook group go here: https://www.facebook.com/groups/autorepairmarketingmastermindIn episode 171 of the podcast, Chris Cotton from Auto Fix Auto Shop Coaching introduces Murray Voth from RPM Training. They discuss the importance of using the term "service rate" instead of "labor rate" to enhance customer perception. Murray emphasizes the need for a business mindset among shop owners, highlighting the potential for profitability and the importance of accurate financial statements.They also address challenges like tax issues and the psychological aspects of investing. The episode concludes with a discussion on coaching approaches, financial management, and a mutual appreciation for their collaborative efforts in the automotive industry.Introduction and Overview (00:00:01) Introduction to the podcast episode and the speakers, Chris Cotton and Murray Voth.Marketing Strategies (00:01:06) Discussion on tailored marketing solutions and how to elevate the brand to attract new customers.Change from Labor Rate to Service Rate (00:02:09) Murray Voth introduces the concept of changing from labor rate to service rate and its impact on customer perception.Consumer Inquiries and Response (00:05:28) Guidance on responding to consumer inquiries about labor rate and the use of "service rate" or "facility service rate."Mindset of Shop Owners (00:09:46) Exploration of the mindset of shop owners and the need for a shift from a technician's identity to a business owner's mindset.Business Investment and Real Estate (00:14:11) Discussion on the interest of investors in auto repair businesses and the value of real estate associated with the shops.Commitment and Mindset Shift (00:16:07) Exploration of the commitment versus interest in coaching and the importance of mindset shift for shop owners.Analogies and Shop Improvement (00:17:23) The use of analogies to help shop owners understand their businesses as "fixer-uppers" and the need for a different perspective.Emotional and Psychological Baggage (00:19:19) Acknowledgment of emotional and psychological factors that influence business decisions and ownership.Investing and Self-Made Millionaires (00:19:57) Discussion on the cost of investing in the stock market and the myth of self-made millionaires.Tax Problems and Profit First (00:20:57) Conversation about tax issues, creating a holding company, and utilizing the profit-first approach.Struggling Shop Owners and Industry Help (00:21:37) Concern for struggling shop owners post-COVID and the increase in sales among clients.Mindset Shift and Attracting Clients (00:23:04) The impact of mindset on attracting clients, differentiation between blue-collar and frugal mindsets.Pathologically Frugal Shop Owners (00:24:10) Discussion on the impact of a frugal mindset on equipment, marketing, and attracting similar clients.Corporate Profit and Small Business Mindset (00:27:23) Exploration of the fear of profit in small business and the historical context of corporate profit abuses.Investment Return and Business Value (00:33:08) Understanding the return on investment in business and the value accumulation over time.Accounting and Business Evaluation (00:37:29) The importance of accounting in understanding business value and preparing for a business sale.Income Statement and Account Catch-Up (00:39:30) Discussion...
Welcome to a new episode of The Founder Podcast! In this episode, we dive deep into understanding the financials of your business, focusing on building an income statement and conducting a break even analysis. Learn how to effectively assess your sales, costs, and margins to ensure your business is scalable and profitable. https://nextlevelhomepros.com/june25thworkshop Highlights: "Not understanding the financials of your business could be costing you millions." "There's the traditional way to look at it with GAAP accounting principles, and then there's the business owner way." "Every dollar collected would mean 45 cents to the bottom line once you're breaking even." "For every dollar I spend on marketing, it's going to equal $40 in revenue." Timestamps: 00:00 - Introduction 01:30 - Importance of Understanding Financials 03:45 - Basics of an Income Statement 05:20 - Understanding Sales and Cost of Goods Sold 08:00 - Gross Profit and Gross Margin Explained 10:00 - Calculating Cost of Acquisition (CAC) 13:30 - Breakeven Analysis Breakdown 17:50 - Scaling Your Business Effectively 20:30 - Impact of Fixed Costs on Breakeven 24:00 - Workshop Announcement and Closing Remarks Looking to scale your business? Want to learn directly from the same team that helped me sell my last business for 9 figures? Click this link below to check out how you can work with us. https://nextlevelhomepros.com/grow-home-service-vsl Join my community - Founder Acceleration https://www.founderacceleration.com Apply for our next Mastermind: https://www.thefoundermastermind.com Golf with Chris: https://www.golfwithchris.com Watch my latest Podcast Apple- https://podcasts.apple.com/us/podcast/the-founder-podcast/id1687030281S Spotify- https://open.spotify.com/show/1e0cL2vI1JAtQrojSOA7D2 YouTube - @thefounderspodcast
Ever wished you could interpret your company's income statement like a seasoned CFO? Unlock the secrets of financial literacy in my latest episode, where I break down the income statement into its core elements—revenue, expenses, and profits. Just as fluency in a new language opens doors to a new culture, mastering financial statements empowers you to make informed decisions that drive business value. I'll guide you through effective categorization of income streams and explain why it's crucial for your financial health.Take your financial acumen to the next level as we dive into key financial metrics, starting with the cost of goods sold (COGS) and its pivotal role in calculating gross profit. Learn how to differentiate between gross profit and net income, and why understanding these distinctions is essential for assessing your business's viability. Drawing from my experience as a CFO in a fast-growing FinTech startup, I'll share insights on how improving gross profit can attract investment, even when facing initial losses. We'll also explore how to track gross profit trends to ensure operational efficiency.Access the free course "The Million Dollar Blueprint" here > Email Steve your thoughts at steve@byfiq.comHelpful links:Join the Strategic Financial Mastery programJoin Our Free CommunityTrain your team with an on-site workshopDisclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.Support the Show.Support the Show.Support the Show.Support the Show.
Today we're covering the fundamentals of the Income StatementFor recruiting help, join the WSO Academy waitlist today!Contact: investmentbankinginsights@gmail.com
The (Not Boring) Boring Small Business Bookkeeping and Accounting Podcast
Send us a text message! But please include your email or a way to get in touch with you. This feature is not two way! Ever wondered why bookkeepers are the real superheroes of the business world? It's because they master the intricacies of the chart of accounts, ensuring every income, cost of goods, and expense is perfectly categorized in the profit and loss (also known as the income statement). It may not sound like a superhero task to you when you first start tracking these accounts, but trust us, it IS! That's why our resident bookkeeper mensch, Paul Rosenblum delves into these 3 accounts … and more! More? Yes! There can be more to the income statement than these 3 accounts so be sure to listen through to the end for those extra special crispy accounts (okay, they may or may not be crispy but they are special and Paul will explain why). Episode 4: https://www.buzzsprout.com/2188873/12836056-accrual-vs-cash-based-accounting
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Welcome to the Business Strategy podcast, I'm your host, Steve Coughran. Today, we're delving into the cornerstone of financial management: understanding your company's financial statements. As a CFO, I've learned firsthand the critical importance of the income statement, balance sheet, and statement of cash flows in assessing a company's financial health and operational efficiency. These financial statements not only provide a snapshot of your company's performance but also offer invaluable insights into the effectiveness of your strategic initiatives. From revenue and expenses on the income statement to assets, liabilities, and equity on the balance sheet, each component plays a crucial role in painting a comprehensive picture of your company's financial standing. Furthermore, the statement of cash flows illuminates how cash is flowing in and out of your business, providing essential information on liquidity and solvency. By mastering these financial statements and understanding how they interconnect, you'll be equipped to make informed decisions that drive your business's success. Join me as we demystify financial statements and unlock the keys to financial acumen. Tune in and empower yourself to navigate the financial landscape with confidence and clarity.Links:Do you have ideas or feedback to share? Email me at contact@coltivar.comTo learn more about us, visit: https://www.coltivar.com/Disclaimer:The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.coltivar.com/privacy-policy-and-terms-of-use for additional important information.Support the Show.
In this episode, Nate Scott discusses the confusion that happens when you misclassify policy transactions as income statement transactions instead of balance sheet transactions. Nate explains the difference between income statement and balance sheet and how they interact with each other. He provides examples of income sources and expenses and how they affect the net free cash flow. Nate also discusses the movement of money on the balance sheet, including the impact of policy loans and repayments. He ends the episode by emphasizing the importance of understanding the classification of policy transactions and their impact on the overall financial picture. Key Takeaways Misclassifying policy transactions can lead to confusion and misunderstanding of their impact on personal finances. Income statement transactions and balance sheet transactions are different and should be classified correctly. Understanding the movement of money on the balance sheet is crucial for effective financial management. Policy loans and repayments are balance sheet transactions and do not add new expenses to the income statement. Episode Resources: Gain FREE access to our Infinite Banking Course here What is Infinite Banking Who was Nelson Nash?
#219: In part 2 of our 3-part series on reading financial statements, we're talking about profit margin. Generally, fit pros know that a higher profit margin is a good thing, but there can be a lack of connecting the dots from the financial statement to real life. Listening to today's show will teach/remind you: What profit margin is - Of course, it's the margin of profit but we'll look into what that means Why it matters - Why it's crucial to understand your business's profit margin How to calculate it Some nuances you need to know as they relate to the fitness industry How to make sure you're comparing apples to apples How to increase your profit margin without the endless chase of more clients Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here! P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.
Financial analysts will tell you that your Income Statement communicates your Competitive Advantage. That’s true.…Continue readingEp. 90 – Interpret Financials to Hear Your Customers (Part 1) The post Ep. 90 – Interpret Financials to Hear Your Customers (Part 1) first appeared on Business 300.
What's the difference between the balance sheet and income statement, two of the most common financial statements. #balancesheet #incomestatement #accounting Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1 Link to Cash Flow Statements for Beginners https://youtu.be/go2MG8tb2Iw Link to Understanding the Chart of Accounts https://youtu.be/iVQxpHceFIc Looking for more of the most current business intelligence about + Best practices around your payment and accounts payable function + Current and new fraud protection protocols + The newest technology impacting your accounting, accounts payable, and payment functions + Career advancement +And much more!! Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1 +++++++++++++++++++++++ See most recent videos at: https://www.youtube.com/@APNow/videos
In this episode of Boosting Your Financial IQ, your host Steve Coughran delves into the crucial topic of "What You Need to Know About Financial Statements." As a seasoned financial expert, Coughran guides listeners through the essential components of the income statement, balance sheet, and statement of cash flows. By breaking down these key financial documents, he empowers business professionals to gain a deeper understanding of their company's financial health and make informed decisions. Whether you're a seasoned executive or an aspiring entrepreneur, grasping the intricacies of financial statements is paramount for success and profitability in any business venture. Tune in to enhance your financial acumen and take your strategic decision-making skills to the next level.Helpful links:Join the Strategic Financial Mastery programJoin Our Free CommunityTrain your team with an on-site workshopDisclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.Support the show
The Weekly Blitz is brought to you by our friends over at Shop Marketing Pros. If you want to take your shop to the next level, you need great marketing. Shop Marketing Pros does top-tier marketing for top-tier shops. Click here to learn more about Top Tier Marketing by Shop Marketing Pros and schedule a demo:https://shopmarketingpros.com/chris/Check out their podcast here: https://autorepairmarketing.captivate.fm/If you would like to join their private Facebook group go here: https://www.facebook.com/groups/autorepairmarketingmastermindIn this podcast episode, Coach Chris Cotton from Auto Fix Auto Shop Coaching introduces his upcoming book designed to help auto repair shop owners enhance their businesses. The book, tentatively titled "The Auto Fix Auto Shop Coaching Owner's Guide to Everything You Didn't Know About Running a Successful Auto Repair Shop," covers topics like goal setting, financial management, staffing, and adapting to future technologies. Cotton invites shop owners to contribute suggestions and request a free copy. The episode, sponsored by Shop Marketing Pros, aims to motivate the bottom 50% of shop owners to grow and succeed in their industry.Chapter 1: What Do You Want as a Shop Owner? (00:02:13) Discusses the different goals and aspirations of shop owners and the importance of defining personal success.Chapter 2: Define Your Goals (00:03:08) Highlights the process of setting smart goals, understanding business variables, and keeping an eye on market trends.Chapter 3: Barriers to Coaching (00:04:13) Explores the common barriers that prevent shop owners from seeking coaching and offers solutions.Chapter 4: Essentials of Being a Successful Auto Repair Shop (00:05:20) Covers the foundational aspects of running a successful auto repair shop, including meeting customer needs and financial stability.Chapter 5: The Importance of a Good Chart of Accounts (00:06:18) Emphasizes the significance of a well-maintained chart of accounts for financial management and streamlining.Chapter 6: The Vital Role of the Income Statement (00:07:26) Focuses on the income statement and its importance in financial review and standardization.Chapter 7: Determining the Right Car Count for Success (00:08:30) Addresses the misconception of needing more cars for sales goals and the importance of optimizing existing processes.Chapter 8: The Heartbeat of Auto Repair Businesses (00:09:33) Explores profit centers, margins, and the road to financial health in auto repair businesses.Chapter 9: Guest Chapter on Car Count and Marketing (00:10:38) Features insights from a guest expert on car count, marketing, and branding for auto repair shops.Chapter 10: Profit Margins and Parts Matrix (00:11:43) Delves into profit margins, parts matrixes, and strategies for maximizing profits in auto repair.Chapter 11: Cash Flow (00:12:32) Discusses the unique challenges of cash flow management in auto repair businesses and offers solutions for improving profitability.Connect with Chris:chris@autofixsos.comPhone: 940.400.1008www.autoshopcoaching.comFacebook: https://www.facebook.com/AutoFixAutoShopCoachingYoutube: https://bit.ly/3ClX0ae #autofixautoshopcoaching #autofixbeautofixing #autoshopprofits #autoshopprofit #autoshopprofitsfirst #autoshopleadership #autoshopmanagement #autorepairshopcoaching #autorepairshopconsulting #autorepairshoptraining #autorepairshop #autorepair #serviceadvisor #serviceadvisorefficiency #autorepairshopmarketing #theweeklyblitz #autofix #shopmarketingpros #autofixautoshopcoachingbook
The Weekly Blitz is brought to you by our friends over at Shop Marketing Pros. If you want to take your shop to the next level, you need great marketing. Shop Marketing Pros does top-tier marketing for top-tier shops. Click here to learn more about Top Tier Marketing by Shop Marketing Pros and schedule a demo:https://shopmarketingpros.com/chris/Check out their podcast here: https://autorepairmarketing.captivate.fm/If you would like to join their private Facebook group go here: https://www.facebook.com/groups/autorepairmarketingmastermindIn this podcast episode, Coach Chris Cotton from Auto Fix Auto Shop Coaching introduces his upcoming book designed to help auto repair shop owners enhance their businesses. The book, tentatively titled "The Auto Fix Auto Shop Coaching Owner's Guide to Everything You Didn't Know About Running a Successful Auto Repair Shop," covers topics like goal setting, financial management, staffing, and adapting to future technologies. Cotton invites shop owners to contribute suggestions and request a free copy. The episode, sponsored by Shop Marketing Pros, aims to motivate the bottom 50% of shop owners to grow and succeed in their industry.Chapter 1: What Do You Want as a Shop Owner? (00:02:13) Discusses the different goals and aspirations of shop owners and the importance of defining personal success.Chapter 2: Define Your Goals (00:03:08) Highlights the process of setting smart goals, understanding business variables, and keeping an eye on market trends.Chapter 3: Barriers to Coaching (00:04:13) Explores the common barriers that prevent shop owners from seeking coaching and offers solutions.Chapter 4: Essentials of Being a Successful Auto Repair Shop (00:05:20) Covers the foundational aspects of running a successful auto repair shop, including meeting customer needs and financial stability.Chapter 5: The Importance of a Good Chart of Accounts (00:06:18) Emphasizes the significance of a well-maintained chart of accounts for financial management and streamlining.Chapter 6: The Vital Role of the Income Statement (00:07:26) Focuses on the income statement and its importance in financial review and standardization.Chapter 7: Determining the Right Car Count for Success (00:08:30) Addresses the misconception of needing more cars for sales goals and the importance of optimizing existing processes.Chapter 8: The Heartbeat of Auto Repair Businesses (00:09:33) Explores profit centers, margins, and the road to financial health in auto repair businesses.Chapter 9: Guest Chapter on Car Count and Marketing (00:10:38) Features insights from a guest expert on car count, marketing, and branding for auto repair shops.Chapter 10: Profit Margins and Parts Matrix (00:11:43) Delves into profit margins, parts matrixes, and strategies for maximizing profits in auto repair.Chapter 11: Cash Flow (00:12:32) Discusses the unique challenges of cash flow management in auto repair businesses and offers solutions for improving profitability.Connect with Chris:chris@autofixsos.comPhone: 940.400.1008www.autoshopcoaching.comFacebook: https://www.facebook.com/AutoFixAutoShopCoachingYoutube: https://bit.ly/3ClX0ae #autofixautoshopcoaching #autofixbeautofixing #autoshopprofits #autoshopprofit #autoshopprofitsfirst #autoshopleadership #autoshopmanagement #autorepairshopcoaching #autorepairshopconsulting #autorepairshoptraining #autorepairshop #autorepair #serviceadvisor #serviceadvisorefficiency #autorepairshopmarketing #theweeklyblitz #autofix #shopmarketingpros #autofixautoshopcoachingbook
We continue our month of podcasts focused on financial statement presentation hot topics. In this episode, host Heather Horn sits down with Pat Durbin, a deputy chief accountant in PwC's National Office, and Felix Perez, a partner in PwC's National Office specializing in SEC reporting, to discuss the significance of income statement presentation to the investor community and standard setters. Together, they break down key areas of judgment and the practical challenges involved in income statement presentation and classification.In this episode, you'll hear:1:34 - The significance of income statement presentation and classification in portraying financial performance, including general reporting considerations and the interaction between income statement presentation and non-GAAP metrics8:50 - The SEC's rules on the form and content of income statements, including considerations for financial institutions21:44 - Income and expense disaggregation reminders, including classification of operating versus non-operating expenses as well as considerations for cost of sales, depreciation, and amortization33:50 - The complexities of income statement classification in collaborative arrangements, discontinued operations, and impairments42:05 - An update on the FASB project on disaggregation of income statement expenses (DISE) projectFor more information, read chapter 3 of our Financial statement presentation guide. Additionally, follow this podcast on your favorite podcast app for more episodes.Pat Durbin is a Deputy Chief Accountant in PwC's National Office. He has over 30 years of experience consulting with our clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Felix Perez is a partner in PwC's National Office specializing in SEC reporting. He has over 25 years of experience serving clients and engagement teams across financial services and technology sectors.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.
Adjusting The Income StatementSome examples:1) sale of a non-core business2) re-valuation of as asset (ex. impairment of inventory)3) restructuring costsContact: investmentbankinginsights@gmail.com
Your Year-Ending Profit & Loss Income Statement is packed with great information to help you increase your profit and sales. But how exactly do you read it to get the information you need to be more profitable and create more sales. Well today, we will dive into an existing business and take a look. Watch the video here: https://youtu.be/UCwjC7XKA70 _____________________
Adjusting the Income Statement in an LBOContact: investmentbankinginsights@gmail.com
This video is a 10 year financial recap of Bristol-Myers Squibb Company (BMY) and the expected future performance. Income Statement, Balance Sheet and Cash Flow + Strong Growth and Low Debt. Possible Trifecta. Don't Miss This Review!!! "Long ago, Ben Graham taught me that 'Price is what you pay; value is what you get.' Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down." - Warren Buffett •••••••••••••••••••••••••••••••••••••••••••••••••• Remember to check my website
Join Embarkers Adam Olsen and Nicole Harger for another spirited episode of AM Now, where they discuss important topics like: A three-judge panel recently concluded the SEC exhibited arbitrary and capricious behavior when enacting the share repurchase disclosure rules The SEC's announcement concerning certain data quality matters on the labeling of income statement line items The November 1 FASB board meeting, discussing the proposed profit interest awards ASU and government grants received by business entities For more information on these and related topics:US court tells SEC to fix 'defective' share buyback ruleChanging Labels for the Same Reported Item on the Income Statement over Multiple PeriodsFASB: Tentative Board DecisionsConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.
On this evening's entrepreneur feature, Andisa Ramavhunga, Group Chief Advisor at Ntiyiso Consulting Group, joins us for Part 2 of Income statement, which looks at a brief overview of cash flow statement and how to use financial ratios (key ones) to measure progress on value creation.See omnystudio.com/listener for privacy information.
AutoZone (AZO) is a cash generating beast with strong historical growth and is expected to beat the market. Let's revisit this automotive retailer for a new forecast and expected return. Income Statement, Cash Flow Statement and IRR. "Long ago, Ben Graham taught me that 'Price is what you pay; value is what you get.' Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down." - Warren Buffett Don't forget to Like this video and SUBSCRIBE for weekly stock reviews!
Why would depreciation and amortization be different on the Income Statement vs the Cash Flow Statement?Contact: investmentbankinginsights@gmail.com
1-Cost Segregation 2-Balance Sheet 2-P&L aka Income Statement. Do you have any ideas/questions? Share some feedback go to www.savvypodcast.com
KPMG professionals discuss proposed income statement disaggregation disclosure requirements.
Answering questions we've received from listeners via Instagram, TikTok and email! This week's topics include: 1. Can you explain the different indices? SPX, FTSE, DAX, NASDAQ, Barclays AGG…as an investor, why would you look at indices? What do they mean/represent, and why do we have them?2. I'm building my first model, and trying to figure out how to connect the Income Statement, Cash Flow Statement and Balance Sheet. Is there a particular order these should go in?? 3. Two similar questions: a) is there any mobility into hedge funds or banks if you're 10+ years into a career in tech/startups? And b) What about any insights on how JD grads can break into the financial services industry?4. Does and incremental increase in debt increase or lower the WACC?5. Why wouldn't EVERYONE use interest rate swaps to hedge risk? To have your question featured on our next Q&A episode, please email us at questions@wallstreetskinny.com or follow us on Instagram and send us a DM!Follow us on Instagram and Tik Tok at @thewallstreetskinnyFollow us on Instagram and Tik Tok at @thewallstreetskinnyhttps://www.instagram.com/thewallstreetskinny/
This is our monthly Arch Capital episode. About once a month we will publish an episode that covers a company in the Arch Capital Investors Fund. These episodes will be modeled after our Not So Deep Dive episodes and will also be available on YouTube. Airbnb, Inc. (ABNB) is a global online marketplace for lodging that provides a convenient platform for individuals to rent out their properties or book accommodations, though it navigates regulatory complexities and travel demand fluctuations. Brett and Ryan dive through Airbnb and outline the investment thesis for why we don't own the company in our Arch Capital limited partnership. ****************************** What is Arch Capital? Arch Capital is a concentrated, long-only equity fund aiming to compound capital at an above-market rate. Arch managers are perpetual learners with a long-term focus that strive to build wealth with our partners through intelligent capital allocation. Learn more here: https://www.archcapitalfund.com/ ****************************** Timestamps Company Background | (4:29) Income Statement | (23:14) Competitive Advantage | (35:40) Valuation | (59:45) Disclosure: Chit Chat Money hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation. Brett Schafer and Ryan Henderson are general partners and portfolio managers at Arch Capital. Arch Capital and its partners may hold securities discussed on this show.
Where does Depreciation show up on the Income Statement?Alphabet's (Google's) 2022 annual reportCopart's 2022 annual reportContact: investmentbankinginsights@gmail.com
How to provide an overview of the three financial statements: Income Statement, Balance Sheet, and Cash Flow Statement.Contact: investmentbankinginsights@gmail.com
We look at some different types of operating expenses that businesses have, as well as a brief overview of the five aspects of any business.Contact: investmentbankinginsights@gmail.com
We discuss the various types of profit that you'll see on an Income Statement: gross profit, operating profit (EBIT), and net income.Contact: investmentbankinginsights@gmail.com
What is the purpose of an income statement? And what does it tell you about a business?Contact: investmentbankinginsights@gmail.com
Brian Feroldi: Financial Statements Explained Simply Brian Feroldi is a financial educator, YouTuber, and author. He has been intensely interested in money, personal finance, and investing ever since he graduated from college. His mission statement is to spread financial wellness. He loves to help other people do better with their money, especially their investments. Brian has written more than 3,000 articles on stocks, investing, and personal finance for The Motley Fool. In 2022, Brian's book Why Does The Stock Market Go Up? was published. The mission of the book is to demystify the stock market. It was written to explain how the market works in plain English. He's also the co-creator of the course, Financial Statements Explained Simply. Most of us are not accountants, but whether you work in a small business, a large corporation, a non-profit, or a government agency, the numbers define what resources that we have. Being able to understand and speak the language of financial statements is essential for leaders who want to influence decisions. In this episode, Brian and I review how to understand and read one of the most important reports for any organization: the income statement. Key Points A few hours of focus on the fundamentals of financial statement can provide you understanding and influence throughout your career. An income statement (also called a profit and loss statement or P&L) shows revenue, expenses, and profit over a period of time. It's similar to your personal budget. Revenue minus cost of goods sold is gross profit. Subtracting operation expenses from gross profit give you an organization's operating income or EBIT (earnings before income and taxes). Depreciation spreads out the cost of tangible assets (equipment, vehicles, buildings) their useful lives. Amortization does the same thing for intangible assets (loans, copyrights, patents). The “bottom line” is literally the bottom line at the end, either net income or net loss. Resources Mentioned Brian Feroldi's newsletter Financial Statements Explained Simply (course) Related Episodes Improve Your Financial Intelligence, with Joe Knight (episode 244) How to Approach Corporate Budgeting, with Jody Wodrich (episode 355) Dumb Things Smart People Do With Money, with Jill Schlesinger (episode 396) Discover More Activate your free membership for full access to the entire library of interviews since 2011, searchable by topic. To accelerate your learning, uncover more inside Coaching for Leaders Plus.
In this episode, Nate explains the impact of infinite banking on your income statement and balance sheet and why misclassifying policy transactions can harm your financial mindset. ~ Access our FREE Infinite Banking Beginner course here: livingwealth.com/bankonyourself ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e177 Topics discussed in this episode: Learn how infinite banking can help you take control of your finances and achieve financial freedom Understanding how financial statements work Find out how to avoid common mistakes that can negatively affect your income statement and balance sheet Why do policy transactions not affect the income statement or budget Uncover tips for successfully implementing infinite banking in your personal finances Why whole life insurance premiums have a unique effect on the balance sheet How different policy transactions affect your income statement, your personal income statement, and your balance sheet Gain insight into how policy cash value, real estate, stocks, mutual funds, and retirement programs are assets that should be on the asset side of the balance sheet Episode Resources: Gain access to our Beginner's Course now FREE to listeners of the podcast here now https:/livingwealth.com/bankonyourself What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/
When it comes to investment banking technical interviews, three statement questions are the most basic and almost guaranteed in any interview. It's not just about recognizing the line items, but connecting them and showing how changes flow through the Income Statement, Cash Flow Statement, and Balance Sheet. Sometimes not all the information will be given to you and you will also need to recognize what missing information you need to ask for. Listen to this podcast to know how one of our students answers this type of question during a mock interview and learn how to answer it correctly for your upcoming interview. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep260
What's the point of reading a company's earnings report? Can't AI do that job? Patrick Badolato, PhD, CPA is an Associate Professor at The University of Texas at Austin, McCombs School of Business where he teaches accounting and financial statement analysis. Badolato joined Ricky Mulvey to discuss: - How Walmart, Rent the Runway, and Peloton adjust earnings (and what it means for shareholders) - Why investors should follow a company's operating income - The pros and pitfalls of GAAP metrics - A better way to count stock-based comp. Companies Discussed: WMT, RENT, PTON Host: Ricky Mulvey Guest: Patrick Badolato Engineer: Tim Sparks
Even when small business owners know they need to read their Profit & Loss Statements on a regular basis, they still don't. Why is that? Isn't the goal of your small business to earn more profits? Why wouldn't you look at your #1 tool to help you? _______________________________
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