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Landscaping Business Owner's Guide to Finance and Profits
Rating: 4.7 out of 5(5 ratings)
21 students

Landscaping Business Owner's Guide to Finance and Profits

Empower Your Business Decisions with Balance Sheet, Profit & Loss and Cash Flow Mastery | Owners, Admins, Bookkeepers
Created byPhil Sarros
Last updated 8/2023
English

What you'll learn

  • Learn the basics of the (3) financial statements in every business…then learn their “UNIQUE POWER” to create wealth
  • Understand why Business Owner’s want to USE ASSETS to CREATE Equity and REDUCE LIABILITIES
  • How to put your business in the best position to obtain third party financing, startup funding or to get the biggest payout if you choose to sell your Company
  • How to use the Balance Sheet, Profit & Loss Statement and Cash Flow Statements to make KEY BUSINESS DECISIONS!

Course content

1 section5 lectures1h 37m total length
  • Understanding the POWER of the (3) Financial Components of your Business7:31
  • Understanding your business "Balance Sheet"21:24

    Learn how a balance sheet captures assets, liabilities, and equity at a moment in time, balances through GAAP and double-entry accounting, and signals company health.

  • Understanding your business "Profit & Loss" Statement (aka "Income Statement)42:31
  • Understanding your "Cash Flow Statement"17:05

    Understand cash flow statements, including operating, investing, and financing cash, and see how cash differs from profit. Track when cash enters and leaves to assess liquidity and sustainable growth.

  • Wrap-Up - Bringing your new knowledge together to make powerful business choices8:36

Requirements

  • No prior accounting or bookkeeping experience necessary…but this course will leave you with the understanding that knowledge of your financial statements can dramatically improve our ability to make better financial decisions
  • If you have access to your financial data, having a printout of your Balance Sheet, Profit & Loss (aka Income Statement) and your Statement of Cash Flows be helpful for some students to write notes on
  • Quickbooks, Yardbooks, Freshbooks, MS Excel, Google Sheets or any other accounting software your business may use for tracking transactions

Description

This course fully explains the three most valuable reports in your business. The Balance Sheet, The Profit and Loss Statement and The Statement of Cash Flows. These are not statements to be produced by your CPA once per year. These are statements that, having correct data input, give you clear optics to make some of the most powerful decisions in your business. NO business owner should be without a thorough knowledge of these vital company documents! Armed with the correct financial information about your business, you will be in a position to maximize your profits through "Best Practice" decision making! If you have questions about the content, leave it in the comments or message me and all questions will get answered for you! Although this course is extremely thoroughly and does a great job of breaking down what some consider to be a very complex part of their business, into easily digestible components that teach both verbally and pictorially. If you no longer want to "guess" or "hope" that you are making money in your business, this course will teach you how to harness the power of that information to understand in "real time" the financial health of your Business. Some companies take years to gain only a very basic understanding of this information. Now it is is defined and delivered in a very easy progressive knowledge format where each sections builds on the one before it.

This course is designed to speak directly to Small Business Owners in the Residential Home Improvement industry such as Plumbers, HVAC, Electricians, Landscaping, Lawn Maintenance, Gutter Cleaning, Tree Removal, Irrigation, Painters, Artificial Turf, Handyman, Remodeling Contractors and Payroll, Human Resource, Operations and Fleet Managers. Additionally, this course is also perfect for This course is for Business Owners, Entrepreneurs, CPA’s, Comptrollers, Bookkeepers, Third Party Business Consultants, CEO’s, CFO’s, COO’s, and any Company that has Payroll, Human Resources, Operations. Sales and Fleet Managers. Typical students will be Small Business Owners and any employee or outside bookkeeper that has administrative access to these three Financial Statements.

At the end of the course, the student will have a financial "Scoreboard" that defines the financial health of a Company. The student will also have powerful data to make the best financial decisions for the Company!

Who this course is for:

  • Bookkeepers
  • Financial Decision Makers
  • Entrepreneurs
  • Certified Public Accountants
  • Fleet managers
  • Comptrollers
  • Anyone responsible for Company Payroll, Job Costing, Expense Tracking, Profits, Loans, Profit Distributions, Profit Sharing, Bonus Systems
  • CEO’s, CFO’s, COO’s
  • Business Consultants