Quick Hit #35 - Know you Numbers

Do you really know your business numbers, or do you have to call your accountant to find out? In this Quick Hit from The Biz Show, Barry breaks down the 7 numbers every business owner should know: revenue, gross profit, gross margin, operating expenses, net profit, cash on hand, and accounts receivable. You do not need to be an accountant to understand the financial health of your company. But if you own or run a business, you need to know what these numbers mean, how they work together, and what they are telling you about your business. In less than 10 minutes, we'll break down the numbers, explain why they matter, and show you what to watch for. Know your numbers. Know your business. The Biz Show is the weekly business podcast from Barry and Lisa, cofounders and managing partners of Investquire.