Is Your P&L Lying To You? #71

This week we tackle the intriguing question: Is your P&L lying to you? Join hosts Claire Hancott, a seasoned finance director and chartered accountant, and Simon for a deep dive into the complexities of profit, cash flow, and business growth. As you navigate through the financial maze, Claire explains why focusing solely on the profit and loss statement can be misleading. She unveils the full financial picture you need by considering cash flow statements and balance sheets. Discover how cash, not profit, is key to business growth, and learn practical strategies to improve cash management and drive business success.   ⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together! ⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe   VALUABLE RESOURCES Website LinkedIn YouTube Facebook ABOUT THE HOST: Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers. As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business. Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions.    *The content of this podcast is for entertainment purposes only and does not constitute professional advice.