Nov 21 2024 22 mins
Understanding the financial health of your retail business extends beyond just recognizing your profit. In this insightful episode, we're diving into the complexities of retail business finances and learning why being profitable doesn't always mean having a positive cash flow.
We’re reviewing the three critical financial statements in an indie retail business: the profit and loss statement, balance sheet, and cash flow statement. We’ll discover how each statement plays a vital role in evaluating your business's financial status and understand how they interconnect.
Listen in to connect the dots between profitability, financial health, and effective cash management so you can make informed decisions and propel your retail business forward.
For show notes, including links to anything I mentioned in this episode, visit www.savvyshopkeeper.com/episode235.
Kathy Cruz is an Independent Retail Coach who helps store owners work smarter, profit more, and grow their brick and mortar businesses. Connect with Kathy and learn more here:
Website: Retail Business Coach For Brick & Mortar Store Owners • Savvy Shopkeeper
Instagram: @savvyshopkeeper
Mastermind Group: Master Shopkeepers