Every business owner needs to be more than familiar with their numbers. They need to know them truly madly deeply.
They should know every inch of their P&L, Balance sheet, actual v forecast, break-even and more but in our experience, most only give a passing interest beyond the cash in the bank, which customers owe them money, and how much the tax man wants this quarter.
The attitude that “my accountant will tell me what I need to know” is frankly a BS cop out.
So here dear reader instead of me preaching from my pedestal of 20 years accounting experience, I want you to take this fun little quiz instead.