"Understand Your Financials" The Inventive Journey Podcast For Entrepreneurs w/ John Rhymer episode artwork

EPISODE · Jun 25, 2021 · 23 MIN

"Understand Your Financials" The Inventive Journey Podcast For Entrepreneurs w/ John Rhymer

from 🎙 Inventive Journey | Real Stories From the Startup Survival Club

So I really think the idea is to understand your financials more than anything. I think that is going to be the key. When you start talking to people who are going to want to back you, they are going to want to know that you know what you are talking about. It's great to know your idea. It's great that you have a passion for your idea but, if you don't understand the long-term effects of what you're doing. If you don't understand the business that you are in. If you don't understand those basic ideas, then no one is going to want to provide you with money cause they are not going to trust you with it.

So I really think the idea is to understand your financials more than anything. I think that is going to be the key. When you start talking to people who are going to want to back you, they are going to want to know that you know what you are talking about. It's great to know your idea. It's great that you have a passion for your idea but, if you don't understand the long-term effects of what you're doing. If you don't understand the business that you are in. If you don't understand those basic ideas, then no one is going to want to provide you with money cause they are not going to trust you with it.

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"Understand Your Financials" The Inventive Journey Podcast For Entrepreneurs w/ John Rhymer

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This episode is 23 minutes long.

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This episode was published on June 25, 2021.

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So I really think the idea is to understand your financials more than anything. I think that is going to be the key. When you start talking to people who are going to want to back you, they are going to want to know that you know what you are...

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