Category: Financial Literacy
Foundational financial concepts and GAAP principles for small business owners. Learn the language that drives better business decisions — clear definitions, practical examples, no MBA required.
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Understanding Your Balance Sheet: The Financial Statement Nobody Reads
Craig spotted the “For Lease” sign while driving through Anaheim. 2,400 square feet. Good visibility. Half a mile from the convention center. Surrounded by hotels. He pulled over, wrote down…
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How to Read a P&L: Key Metrics for Small Businesses
Essential P&L Metrics for Small Business Owners Craig receives his monthly P&L from his bookkeeper. Revenue is up 15% from last month. That’s good, right? He scans down to net…
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When Profitable Doesn’t Mean Healthy
Understanding Revenue Recognition and Cash Flow Craig stared at his QuickBooks dashboard in disbelief. Third straight month of solid profit—$3,700 in January alone—yet every Friday he was refreshing his bank…
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Cash vs. Accrual Accounting for Small Business Owners
Understanding When Cash Isn’t Revenue – and When Revenue Isn’t Cash This is Part II of a three-part series:– Part I: GAAP Basics– Part II: Understanding Margins– Part III: Cash…
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Understanding Margins for Small Business Owners
Essential Margin Metrics for Small Business Owners This is Part II of a three-part series:– Part I: GAAP Basics– Part II: Understanding Margins (you are here)– Part III: Cash vs.…
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GAAP Basics: Financial Literacy for Small Businesses
Essential GAAP Concepts for Small Business Owners This is Part II of a three-part series:– Part I: GAAP Basics (you are here)– Part II: Understanding Margins– Part III: Cash vs.…