Why Understanding Your Balance Sheet Is Crucial for Your Business

Send us Fan MailAnother in the business ready for sale podcast series from me, John Denton. In this episode, I am joined by Tony Monisse of Breantnalls WA - an accounting firm with a difference. If business owners look at their financials at all, it tends to be their profit and loss reports. However, when it comes to selling, smart buyers are going to study the balance sheet because it says a lot about the business and how it has been run.In this audio recording of a podcast with Tony, we discuss amongst other things:Why business owners need to understand balance sheetsHow to fix a 'broken' balance sheetWhat things should be on a balance sheetWhat is a lazy balance sheet and what is it costing you?About Tony: Tony founded Brentnalls WA in 1993 after 14 years with the Big 4 accounting firms in audit and income tax, including a two-year secondment to London. Tony’s passion is the effective integration of strategy and financial management and to this end has developed tools and processes that facilitate this integration, including business modelling, target setting and rolling cashflow forecasts. Tony facilitates advisory boards for a number of clients.You can contact Tony for copies of his slides and case study examples: [email protected] mentioned in the episode, if you'd like to get your business saleability score and tips on how to make your business more saleable and attractive to buyers, go to this link My Business Saleability Score Go here to VISIT MY WEBSITE for more episodes and informationGet your business saleability score and tips to Boost Your Business Value & Saleability Today with This Quick Free Online AssessmentSchedule a no-obligation chat about your business - BOOK HEREThanks for listening, keep podcasting and subscribe to get new episodes!