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How to Read a Financial Statement: A Survival Guide for Entrepreneurs (Presale)
Welcome
Welcome Video (5:33)
10 Tips for Reading a Financial Statement
1 Introduction to the Financial Statements
Your Financial Statements are the Medical Records for Your Business
Income statement: your latest checkup (1:08)
Balance sheet: your financial history (1:33)
Cash flow statement: your company's fuel to grow
2 Income Statement: your latest checkup
Revenues
Cost of Goods Sold
Gross Profit
Fixed and Variable Expenses
Net Income
Focus on Margins and not on Revenue
Net Income is not Cash Flow
3 Balance Sheet: your financial history
Assets: what you own
Liabilities: what you owe
Equity: your company's net worth
4 Cash Flow Statement: your company's fuel to grow
Cash is the fuel to grow your business
Revenues are not the same as cash flow
Cash is king
Managing your cash flow
5 Financial ratios and tools to manage your business
Net profit margin
Gross profit margin
Return on investment
Current ratio
Quick ratio
Bonus Material
Bonus material
Fixed and Variable Expenses
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