Financial jargon causes confusion for just 3 reasons, and there is a cure for that! I will explain how you can get clear about the many terms that cause confusion, and finally understand your accountant.
Every week I will send you a little mail that explains one or more financial terms and business principles, so that over time you will build up your business understanding. 5-minute reads, over time can make a huge difference. You will know more than most business owners, before long.
This is an example of the nuggets I will send you. Others will cover many topics, including:
P&L accounts
Balance Sheets
Managing Cash Flow
Managing Profit
Making Inflation work for you
When (not?) to borrow money
When discounts help or hurt you
Planning for success
Buying Equipment (Capex)
Depreciation
Analysis and control
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