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Better Financial Decisions by Understanding Your Financials

By June 8, 2021July 8th, 2021Blog, Uncategorized

Let’s Get Organized

Before you can make financial decisions, you have to understand your finances. Making smart decisions is about working with as much helpful information as you can. And making a choice to be profitable starts with making smart decisions. So let’s take a deep dive into understanding financials.


Tool and Tricks

Follow along on this video with me as I teach you how to write and read a financial statement. Learn how to correctly display

  • Assets – What things does your business own? How much are they worth?
    • Accounts
    • Current
    • Fixed
  • Liability – Does your business have debts to pay off? What kind of debt?
    • Current
    • Long Term
  • Equity – What money are you putting into your business? 
  • And, of course, Profit.

Knowing how to arrange this information in a concise, easy-to-understand way makes it so much easier to look up all the information you need quickly.


Work Smarter, Not Harder

Better information makes you make better financial decisions. Owning a business is a lot of work. You already know that you’re gonna have to hustle if you want to be successful. But looking through your financials and learning to make smart, well-informed decisions can save you a ton of otherwise wasted money. A financially efficient business is a profitable business.


Give It A Watch

Talking and informing you is one thing, but I wanted to go a step deeper. If you follow along with this video, we’ll go line by line over all the financial information you’ll need to use. We’ll break down terms, and differences between similar terms, and most of all, teach you the practical uses of every one of those terms. With the knowledge in this video, you’ll be ready to start making better financial decisions for your business. You’ll be able to choose to be profitable.


To watch my full video, click below!

We will be offering a lot of advice on our page here, but we also would be happy to help you out on a more personal level. Feel free to hit us up if you need help preparing your taxes.


You can watch ALL of our Profit First Tip videos by SUBSCRIBING to our YouTube Channel.


More of a blog person?… THAT’S OK! We keep our INCITE TAX BLOG full of all of the same amazing content that you would find on our YouTube Channel, including John’s special guest interviews, such as the one with the founder of the Profit First System, Mike Michalowicz!


Don’t forget to order YOUR copy of Profit First For Microgyms, now available on AMAZON!



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