Send in Your Financial Statements!


This post is in: Blog, Business
No Comments

Let me cut to the chase. I’ll analyze your financial statements during the next coaching session, keeping all of your details private and creating common-sized statements. Plus, I’m going to tell you why you should have common-sized statements. (No, it doesn’t have anything to do with the size of the paper they are printed on.)

Interested? Send your current financial statements to Coaching@USTaxAid.com. This will be your Balance Sheet plus your Profit & Loss, and, if you’ve got them, your Cash Flow Statements too.

I’ll cover it during the next coaching session on Wednesday, March 21st at 5 pm Pacific.

Why do you need financial statements for your business?

For tax planning

For business valuation

Before you sell

For estate valuation

In case of divorce

In case of disability

In case of death

To gift

For asset protection

To find low hanging fruit

To find possible cash flow issues

To spot embezzlement

To be able to walk away from your business and know it won’t fail

What makes you the most money

What makes you the least money

Do you need more sales

Do you need lower COGS

Do you need lower G & A

Analysis of trends (more important that one static financial stmt)

Benchmark against others in your industry

Find your KPI

How efficient are you with your company resources

Where does the cash come from in your business

Should you borrow more

Should you pay off debt

How efficient are you with your inventory

That’s the reasons I came up with in 3 minutes. If I spent a little more time, I know there would a lot more. If you don’t have current financial statements or aren’t using them to determine what’s next for your business, you’re missing a valuable tool.

Learn more at the next coaching session!

If you’re not yet a member of my twice monthly coaching class, you can join at: https://www.ustaxaid.com/coaching-program/



Leave a Comment