Know Your Numbers: Accounting and Finance Strategies Every Business Owner Needs

Understanding your numbers is one of the most important things a business owner can do, but it’s also one of the most commonly avoided. In this episode of INcorporate, Susan and Jordan sit down with Regional Managing Partner for the Bonadio Group Denise Neamon, and VP for Commercial Lending at Tompkins Bank Sean Quinn to break down how entrepreneurs can take control of their finances, make smarter decisions, and position their businesses for sustainable growth. Topics discussed in this episode: Why many business owners struggle with accounting and financial management The financial reports every business owner should understand How lenders evaluate businesses for loans and what records they require Common financial blind spots like poor cash forecasting and under/over financing Using KPIs, industry benchmarks, and financial data to improve decisions How to choose the right accountant, banker, and professional advisors Practical first steps for business owners who want to better understand their numbers Real-world examples of financial mistakes—and long-term success stories If this episode helped clarify your financial picture, follow the podcast, leave a review, and share it with another business owner who could benefit from understanding their numbers a little better. Check out The Bonadio Group and Tompkins Bank Presented by UB School of Management’s Center for Entrepreneurial Leadership and Lemur Studios