Episode 71

Mastering Financial Insights: Integrating Profit and Loss, Cash Flow, and Balance Sheet for Small Business Success

Published on: 12th June, 2023

Understanding the financial health of a small business is a complex puzzle, but there are three key pieces that, when put together, reveal a comprehensive picture. The Profit and Loss Statement, the Cash Flow Statement, and the Balance Sheet hold valuable insights into a business's performance, liquidity, and overall financial well-being. In this episode, we dive deep into the correlation between these financial reports, unveiling the secrets to effective financial planning, identifying improvement areas, and ultimately maximizing profitability for small business owners.


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About the Podcast

Equipped for Purpose
Equip | Develop | Empower
Equipped for Purpose exists to equip, develop, and empower followers of Jesus Christ to integrate deep discipleship with impactful leadership in every area of life.
The pillar of discipleship will explore being a disciple, making disciples, and the disciplines of discipleship. It will focus on being, knowing, and doing concerning being a disciple and making disciples. Regarding the disciplines of discipleship, there is a focus on prayer, the study of scripture, and community.
The pillar of leadership will explore developing the leader, developing team members, and developing a team as a whole.
I want you to know that my heart is to serve, and I want to serve you through this podcast.
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About your host

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Vincent Ream

Vincent is by nature a teacher and trainer. He has a dedication to see leaders be confident, empowered, and expectant of success in their ability to lead. He is also passionate about small business owners and organizations thriving in their local communities. Vincent is a results-oriented leader with 20 years of experience applying a unique mix of critical and strategic thinking, problem-solving, and coaching individuals and teams in high-stress environments. He is detail-oriented and has the ability to help leaders, small businesses and organizations focus on and achieve their goals.